Ryman Hospitality Properties (NYSE:RHP) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $106.08 and traded as high as $106.35. Ryman Hospitality Properties shares last traded at $104.34, with a volume of 464,541 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on RHP. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.57.

Ryman Hospitality Properties Stock Down 1.7 %

The business has a 50-day moving average of $111.71 and a 200 day moving average of $106.07. The company has a market capitalization of $6.14 billion, a PE ratio of 18.22, a P/E/G ratio of 2.95 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 earnings per share. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 81.71%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several large investors have recently modified their holdings of RHP. Tidal Investments LLC lifted its position in shares of Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after buying an additional 152 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Ryman Hospitality Properties by 121.1% during the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $744,000 after acquiring an additional 3,523 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Ryman Hospitality Properties by 33.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 24,486 shares of the real estate investment trust’s stock valued at $2,626,000 after acquiring an additional 6,186 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock worth $156,427,000 after purchasing an additional 12,323 shares during the last quarter. Finally, Vestcor Inc increased its position in shares of Ryman Hospitality Properties by 92.4% during the third quarter. Vestcor Inc now owns 29,989 shares of the real estate investment trust’s stock worth $3,216,000 after purchasing an additional 14,400 shares in the last quarter. 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.