Analysts Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $128.57

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $128.57.

A number of brokerages have issued reports on RHP. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target for the company. Wells Fargo & Company upped 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. Finally, Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th.

Insider Buying and Selling

In other news, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in Ryman Hospitality Properties in the 3rd quarter worth about $28,000. SYSTM Wealth Solutions LLC bought a new position in Ryman Hospitality Properties during the 2nd quarter worth about $32,000. Quest Partners LLC increased its position in Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares during the period. GAMMA Investing LLC raised its holdings in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $104.31 on Wednesday. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.95 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock’s 50-day simple moving average is $111.52 and its 200-day simple moving average is $106.08. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 earnings per share. As a group, analysts expect that Ryman Hospitality Properties will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.41%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is currently 81.71%.

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.