Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $125.67

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $124.67.

RHP has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target for the company. Truist Financial cut their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $94.59 on Monday. Ryman Hospitality Properties has a twelve month low of $92.04 and a twelve month high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $5.67 billion, a PE ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. The stock has a 50-day simple moving average of $100.86 and a 200 day simple moving average of $106.28.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Research analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.86%. Ryman Hospitality Properties’s payout ratio is presently 104.78%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Employees Retirement System of Texas boosted its position in shares of Ryman Hospitality Properties by 9.6% in the 4th quarter. Employees Retirement System of Texas now owns 56,912 shares of the real estate investment trust’s stock worth $5,938,000 after purchasing an additional 5,000 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $31,000. DigitalBridge Group Inc. bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $12,218,000. GF Fund Management CO. LTD. bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $108,000. Finally, GTS Securities LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $464,000. 94.48% of the stock is currently owned by institutional investors.

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.