Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $115.43 Consensus PT from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $114.75.

RHP has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Bank of America boosted their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock.

Ryman Hospitality Properties Stock Down 0.9%

Shares of Ryman Hospitality Properties stock traded down $0.95 during trading on Friday, reaching $99.05. 682,002 shares of the company traded hands, compared to its average volume of 673,970. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The company has a 50 day moving average price of $99.15 and a 200-day moving average price of $97.20. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77. The firm has a market capitalization of $5.94 billion, a PE ratio of 20.98, a P/E/G ratio of 2.70 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The firm had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. During the same quarter last year, the business earned $1.60 earnings per share. The company's quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.64%. The ex-dividend date was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is presently 97.46%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction dated Monday, June 9th. The stock was acquired at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman directly owned 870,406 shares of the company's stock, valued at $84,359,749.52. This represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director owned 2,576 shares of the company's stock, valued at approximately $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its holdings in Ryman Hospitality Properties by 2.2% during the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after purchasing an additional 98 shares during the last quarter. First Community Trust NA raised its holdings in Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 100 shares during the last quarter. Norinchukin Bank The raised its holdings in Ryman Hospitality Properties by 4.5% during the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust's stock worth $253,000 after purchasing an additional 120 shares during the last quarter. Cetera Investment Advisers raised its holdings in Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after purchasing an additional 125 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

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.