Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $125.67 Average Target Price from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $125.67.

Several research firms have recently commented on RHP. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial reaffirmed a “buy” rating and set a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $95.78 on Monday. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50 day moving average price of $101.15 and a 200-day moving average price of $106.42. Ryman Hospitality Properties has a one year low of $93.17 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) 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 analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.80%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in Ryman Hospitality Properties in the third quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at $31,000. Avior Wealth Management LLC boosted its holdings in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth about $72,000. Finally, Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth about $83,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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.