Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Recommendation of "Moderate Buy" from Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $119.71.

Several research firms recently issued reports on RHP. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Evercore ISI dropped their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group lowered their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st.

Ryman Hospitality Properties Stock Up 1.4 %

Ryman Hospitality Properties stock opened at $94.88 on Tuesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $5.69 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The business has a 50 day simple moving average of $90.82 and a 200-day simple moving average of $101.87. Ryman Hospitality Properties has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 367 shares during the period. CWM LLC lifted its stake in Ryman Hospitality Properties by 213.4% during the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 493 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $72,000. Finally, Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $83,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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