Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $126.17 Consensus Target Price from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) 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.

Ryman Hospitality Properties Trading Down 5.0 %

Shares of Ryman Hospitality Properties stock opened at $98.48 on Thursday. The firm has a market capitalization of $5.90 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company’s fifty day moving average price is $104.26 and its two-hundred day moving average price is $106.95. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) 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.