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

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $128.57.

Several research analysts have recently commented on RHP shares. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. BMO Capital Markets started 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Truist Financial increased their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $103.63 on Friday. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.50 and a beta of 1.67. The stock’s 50-day moving average is $109.25 and its 200 day moving average is $106.64. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties has a 1-year low of $93.76 and a 1-year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.48 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.44%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is currently 81.71%.

Insider Buying and Selling

In related news, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the sale, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.

Institutional Trading of Ryman Hospitality Properties

Hedge funds have recently modified their holdings of the business. abrdn plc lifted its position in Ryman Hospitality Properties by 24.7% during the 4th quarter. abrdn plc now owns 15,103 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 2,992 shares during the period. Golden State Equity Partners purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $227,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Ryman Hospitality Properties by 643.2% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,740 shares of the real estate investment trust’s stock worth $17,293,000 after purchasing an additional 143,440 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Finally, KBC Group NV increased its position in Ryman Hospitality Properties by 54.1% during the 4th quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 740 shares in the last quarter. 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.