Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $126.17.
RHP has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th.
Get Our Latest Analysis on Ryman Hospitality Properties
Ryman Hospitality Properties Trading Down 5.0 %
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current year.
Ryman Hospitality Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.67%. Ryman Hospitality Properties’s payout ratio is presently 104.78%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC raised its position in shares of Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 137 shares during the period. Farther Finance Advisors LLC raised its position in shares of Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 443 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.
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.
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