Ryman Hospitality Properties (NYSE:RHP) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties (NYSE:RHP - Free Report) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $117.00 target price on the real estate investment trust's stock.

Several other equities analysts also recently commented on the company. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Jefferies Financial Group reduced their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.43.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded up $2.15 during trading on Monday, reaching $100.94. 700,921 shares of the company's stock were exchanged, compared to its average volume of 872,761. Ryman Hospitality Properties has a twelve month low of $76.27 and a twelve month high of $121.77. The firm's fifty day moving average price is $94.05 and its 200-day moving average price is $98.28. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The stock has a market capitalization of $6.06 billion, a PE ratio of 21.39, a PEG ratio of 2.69 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. As a group, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's payout ratio is currently 97.46%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RHP. Geneos Wealth Management Inc. increased its position in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter worth $31,000. Fifth Third Bancorp increased its holdings in 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 worth $53,000 after purchasing an additional 367 shares in the last quarter. CWM LLC raised its position in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $72,000. 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.