Ryman Hospitality Properties (NYSE:RHP) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties (NYSE:RHP) in a research note published on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $130.00 target price on the real estate investment trust’s stock.

A number of other analysts have also recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $125.17.

Ryman Hospitality Properties Stock Down 1.3 %

Shares of Ryman Hospitality Properties stock traded down $1.44 on Wednesday, hitting $111.60. 96,223 shares of the company traded hands, compared to its average volume of 454,106. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties has a 12-month low of $90.80 and a 12-month high of $122.91. The company has a 50-day moving average price of $107.09 and a 200 day moving average price of $103.88. The company has a market cap of $6.68 billion, a PE ratio of 20.08, a PEG ratio of 2.08 and a beta of 1.65.

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 for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.88% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same period in the previous year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts predict that Ryman Hospitality Properties will post 8.38 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced 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 is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 4.12%. Ryman Hospitality Properties’s dividend payout ratio is presently 78.15%.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHP. Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $32,000. Quest Partners LLC boosted its position in shares of Ryman Hospitality Properties by 8,450.0% during 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 in the last quarter. Larson Financial Group LLC bought a new stake in Ryman Hospitality Properties in the first quarter valued at about $35,000. Finally, GAMMA Investing LLC raised its position in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. 94.48% of the stock is currently owned by 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.