Ryman Hospitality Properties (NYSE:RHP) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

RHP has been the topic of a number of other research reports. Bank of America raised their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an “overweight” rating and a $117.00 price objective for the company. Finally, Truist Financial lowered their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $115.50.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $92.72 on Friday. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $5.84 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.65 and a beta of 1.58. The company’s 50 day moving average price is $96.92 and its two-hundred day moving average price is $95.50.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same quarter last year, the business posted $2.78 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio is 109.79%.

Insider Buying and Selling

In other news, Director H Eric Bolton, Jr. purchased 2,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $190,660. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently bought and sold shares of RHP. First Community Trust NA grew its holdings in Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 100 shares during the period. Norinchukin Bank The grew its holdings in Ryman Hospitality Properties by 4.5% in the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 120 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock worth $350,000 after purchasing an additional 130 shares during the period. Yousif Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.8% in the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock worth $1,609,000 after purchasing an additional 132 shares during the period. Finally, Golden State Equity Partners grew its holdings in Ryman Hospitality Properties by 4.4% in the second quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 142 shares during the period. 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.