Truist Financial Raises Ryman Hospitality Properties (NYSE:RHP) Price Target to $136.00

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

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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 $113.77 on Monday. 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 has a 1-year low of $93.76 and a 1-year high of $122.91. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.65. The business has a 50-day moving average of $109.37 and a 200-day moving average of $104.30.

Ryman Hospitality Properties (NYSE:RHP) last released 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 analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 EPS. On average, equities analysts anticipate 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 given a dividend of $1.15 per share. 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 4.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 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 stock was 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 22.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction 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 $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $215,000. Vanguard Group Inc. boosted its position in Ryman Hospitality Properties by 2.7% during 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 during the period. UniSuper Management Pty Ltd grew its stake in shares of Ryman Hospitality Properties by 1.8% in the first quarter. UniSuper Management Pty Ltd now owns 16,700 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 300 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 7.5% during the first quarter. Bessemer Group Inc. now owns 121,203 shares of the real estate investment trust’s stock valued at $14,012,000 after purchasing an additional 8,430 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Ryman Hospitality Properties by 8.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 79,509 shares of the real estate investment trust’s stock valued at $9,195,000 after purchasing an additional 5,949 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.