Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $108.5556.

RHP has been the topic of several recent analyst reports. Truist Financial raised their price objective on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 target price for the company. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, December 1st.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $97.52 on Wednesday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.42 and a beta of 1.22. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $112.08. The firm’s 50-day simple moving average is $91.75 and its 200 day simple moving average is $95.50.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The firm had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 earnings per share. As a group, research analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.9%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is 121.69%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,993 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $92.16 per share, with a total value of $828,794.88. Following the transaction, the chairman directly owned 888,010 shares in the company, valued at $81,839,001.60. This trade represents a 1.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds have recently added to or reduced their stakes in RHP. Cornerstone Planning Group LLC grew its position in shares of Ryman Hospitality Properties by 2,241.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Hantz Financial Services Inc. lifted its stake in Ryman Hospitality Properties by 283.1% in the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. increased its position in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Ryman Hospitality Properties by 492.9% in the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 276 shares during the period. Institutional investors own 94.48% of the company’s stock.

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.