Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $125.67.

A number of equities research analysts recently commented on RHP shares. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective for the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial reiterated a "buy" rating and set a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th.

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Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after purchasing an additional 931,283 shares during the period. Cooke & Bieler LP bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $74,811,000. Hamlin Capital Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ryman Hospitality Properties by 483.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock valued at $65,391,000 after buying an additional 505,207 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Ryman Hospitality Properties by 946.6% during the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after buying an additional 454,922 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

RHP stock traded down $0.15 during trading on Monday, hitting $95.66. The company had a trading volume of 980,933 shares, compared to its average volume of 488,324. The company has a fifty day moving average price of $101.15 and a two-hundred day moving average price of $106.42. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $5.73 billion, a P/E ratio of 21.79, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties has a fifty-two week low of $92.80 and a fifty-two week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Equities research analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.81%. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.

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.