Ryman Hospitality Properties (NYSE:RHP) Given New $136.00 Price Target at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its price target lifted by Truist Financial from $130.00 to $136.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $112.11 on Monday. Ryman Hospitality Properties has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The business has a 50-day moving average of $109.12 and a two-hundred day moving average of $104.24. The stock has a market capitalization of $6.72 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.96 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 announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.73 EPS. On average, equities research analysts predict that Ryman Hospitality Properties will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.10%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is currently 81.71%.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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 the stock. Janney Montgomery Scott LLC acquired a new position in shares of Ryman Hospitality Properties in the 1st quarter worth approximately $215,000. Vanguard Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after acquiring an additional 226,547 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Ryman Hospitality Properties by 1.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 16,700 shares of the real estate investment trust’s stock worth $1,931,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 121,203 shares of the real estate investment trust’s stock worth $14,012,000 after acquiring an additional 8,430 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Ryman Hospitality Properties by 8.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 79,509 shares of the real estate investment trust’s stock worth $9,195,000 after acquiring an additional 5,949 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

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.