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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have given a buy recommendation 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 analysts have weighed in on RHP shares. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Truist Financial boosted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th.

Ryman Hospitality Properties Stock Down 2.1 %

RHP opened at $113.24 on Friday. Ryman Hospitality Properties has a twelve month low of $93.76 and a twelve month high of $122.91. The company’s 50-day moving average price is $112.64 and its two-hundred day moving average price is $105.68. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.95 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 data 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). The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. Ryman Hospitality Properties’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.73 earnings per share. As a group, equities analysts expect that Ryman Hospitality Properties will post 8.44 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. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 78.15%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, 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 at this link. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties 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 directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. 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 hedge funds and other institutional investors have recently modified their holdings of RHP. PGGM Investments purchased a new stake in Ryman Hospitality Properties in the second quarter worth approximately $7,512,000. Panagora Asset Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 11.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust’s stock worth $22,243,000 after acquiring an additional 22,428 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ryman Hospitality Properties by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after purchasing an additional 12,058 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at $4,390,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Ryman Hospitality Properties by 133.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 2,684 shares during the period. 94.48% of the stock is currently owned by hedge funds and other 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.