Ryman Hospitality Properties (NYSE:RHP) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties (NYSE:RHP) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $130.00 price target on the real estate investment trust’s stock.

A number of other analysts have also commented on the company. Wells Fargo & Company dropped their price target on 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. JPMorgan Chase & Co. raised their target price 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. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $125.17.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $112.50 on Wednesday. The company has a market capitalization of $6.74 billion, a P/E ratio of 19.98, a PEG ratio of 2.14 and a beta of 1.65. Ryman Hospitality Properties has a fifty-two week low of $90.94 and a fifty-two week high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.92 and a current ratio of 1.73. The stock has a 50 day moving average price of $107.42 and a two-hundred day moving average price of $103.94.

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 the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. During the same period in the previous year, the company earned $1.73 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 4.09%. Ryman Hospitality Properties’s dividend payout ratio is 78.15%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’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 sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RHP. Allspring Global Investments Holdings LLC raised its stake in Ryman Hospitality Properties by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,255 shares of the real estate investment trust’s stock valued at $608,000 after purchasing an additional 451 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in Ryman Hospitality Properties during the first quarter valued at $207,000. Private Advisor Group LLC raised its stake in shares of Ryman Hospitality Properties by 4.2% in the first quarter. Private Advisor Group LLC now owns 12,365 shares of the real estate investment trust’s stock valued at $1,430,000 after acquiring an additional 499 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Ryman Hospitality Properties by 28.9% in the 1st quarter. BNP Paribas Financial Markets now owns 69,637 shares of the real estate investment trust’s stock worth $8,051,000 after acquiring an additional 15,601 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter worth about $215,000. Institutional investors 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.