Ryman Hospitality Properties (NYSE:RHP) Reaches New 1-Year Low – Should You Sell?

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $85.54 and last traded at $87.20, with a volume of 306722 shares traded. The stock had previously closed at $93.91.

Analyst Ratings Changes

Several analysts have commented on RHP shares. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, March 21st. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Ryman Hospitality Properties Trading Down 8.5 %

The firm’s 50 day simple moving average is $99.36 and its 200-day simple moving average is $105.96. The company has a market capitalization of $5.15 billion, a PE ratio of 19.58, a P/E/G ratio of 2.71 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 (NYSE:RHP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the transaction, the director now directly owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently made changes to their positions in RHP. Principal Financial Group Inc. raised its holdings in Ryman Hospitality Properties by 41.9% in 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 in the last quarter. Cerity Partners LLC lifted its position in shares of Ryman Hospitality Properties by 6.1% during the third quarter. Cerity Partners LLC now owns 7,919 shares of the real estate investment trust’s stock worth $849,000 after purchasing an additional 452 shares during the last quarter. Captrust Financial Advisors grew its stake in Ryman Hospitality Properties by 4.2% in the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 213 shares in the last quarter. Verition Fund Management LLC bought a new stake in Ryman Hospitality Properties in the third quarter valued at about $855,000. Finally, Bamco Inc. NY raised its stake in Ryman Hospitality Properties by 11.3% during the third quarter. Bamco Inc. NY now owns 42,473 shares of the real estate investment trust’s stock valued at $4,555,000 after buying an additional 4,324 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

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.