Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $108.70.

RHP has been the subject of several recent research reports. Evercore ISI lowered their price target on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Ryman Hospitality Properties Trading Up 0.8%

NYSE RHP opened at $94.95 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $108.42. The firm’s fifty day simple moving average is $94.61 and its 200-day simple moving average is $95.28. The company has a market capitalization of $5.98 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The firm had revenue of $592.46 million for the quarter, compared to the consensus estimate of $573.40 million. During the same quarter in the previous year, the company posted $1.93 earnings per share. 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 will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed bought 8,993 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $92.16 per share, with a total value of $828,794.88. Following the completion of the transaction, the chairman directly owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Ryman Hospitality Properties in the 2nd quarter valued at $56,123,000. Invesco Ltd. boosted its holdings in Ryman Hospitality Properties by 184.9% during the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock valued at $66,261,000 after acquiring an additional 479,990 shares during the period. GRS Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the second quarter valued at about $39,171,000. Balyasny Asset Management L.P. bought a new position in shares of Ryman Hospitality Properties in the third quarter worth about $30,975,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Ryman Hospitality Properties by 34.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 899,139 shares of the real estate investment trust’s stock worth $88,718,000 after purchasing an additional 232,632 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.