Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, 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 target price among analysts that have updated their coverage on the stock in the last year is $128.57.

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

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of RHP. Principal Financial Group Inc. grew its position in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after acquiring an additional 931,283 shares during the period. American Century Companies Inc. increased its position in Ryman Hospitality Properties by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after purchasing an additional 12,058 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $156,427,000 after buying an additional 12,323 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after buying an additional 870,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after buying an additional 6,289 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.8 %

Shares of NYSE RHP opened at $103.94 on Wednesday. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 2.86 and a beta of 1.67. The company’s 50-day simple moving average is $111.41 and its 200-day simple moving average is $106.22. 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 posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million for 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%. Ryman Hospitality Properties’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 earnings per share. Equities analysts predict that Ryman Hospitality Properties will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 4.43%. Ryman Hospitality Properties’s payout ratio is currently 81.71%.

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.