Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $128.57 Average PT from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $128.57.

Several analysts have recently weighed in on RHP shares. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Truist Financial lifted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th.

Ryman Hospitality Properties Price Performance

RHP opened at $104.31 on Wednesday. The business has a fifty day moving average of $111.52 and a 200 day moving average of $106.13. The stock has a market cap of $6.25 billion, a P/E ratio of 18.53, a PEG ratio of 2.86 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.44 EPS 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. Shareholders of record on Tuesday, December 31st will be issued a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.41%. Ryman Hospitality Properties’s payout ratio is currently 78.15%.

Insider Activity

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Ryman Hospitality Properties during the 3rd quarter valued at approximately $28,000. SYSTM Wealth Solutions LLC purchased a new stake in shares of Ryman Hospitality Properties during the second quarter valued at $32,000. Quest Partners LLC increased its position in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 338 shares during the period. GAMMA Investing LLC raised its stake in Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.