Ryman Hospitality Properties (NYSE:RHP) Shares Gap Down – What’s Next?

Ryman Hospitality Properties, Inc. (NYSE:RHP) shares gapped down prior to trading on Friday . The stock had previously closed at $96.87, but opened at $94.65. Ryman Hospitality Properties shares last traded at $94.14, with a volume of 1,485 shares traded.

Analyst Ratings Changes

RHP has been the subject of a number of recent research reports. Truist Financial lifted 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective for the company. Finally, Evercore ISI decreased their target price on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.56.

Ryman Hospitality Properties Trading Up 0.8%

The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $6.01 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. The stock has a 50-day simple moving average of $93.90 and a two-hundred day simple moving average of $95.47.

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

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $1.20 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a yield of 5.0%. Ryman Hospitality Properties’s payout ratio is presently 126.98%.

Insiders Place Their Bets

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

Institutional Trading of Ryman Hospitality Properties

Several large investors have recently modified their holdings of RHP. Vanguard Group Inc. lifted its holdings in Ryman Hospitality Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after acquiring an additional 166,293 shares during the period. State Street Corp grew its stake in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after purchasing an additional 20,756 shares during the period. Geode Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock valued at $148,248,000 after purchasing an additional 9,629 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Ryman Hospitality Properties by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after purchasing an additional 144,870 shares during the period. Finally, Cooke & Bieler LP lifted its stake in shares of Ryman Hospitality Properties by 21.4% in the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after purchasing an additional 195,330 shares during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.