Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $125.17 Consensus Target Price from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $125.17.

RHP has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock worth $221,896,000 after purchasing an additional 1,466,220 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Ryman Hospitality Properties by 264.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock valued at $119,771,000 after purchasing an additional 870,081 shares in the last quarter. Victory Capital Management Inc. boosted its position in Ryman Hospitality Properties by 3,800.4% during the third quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust's stock worth $31,358,000 after purchasing an additional 284,913 shares in the last quarter. Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust's stock valued at $979,248,000 after purchasing an additional 226,547 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of Ryman Hospitality Properties by 55.5% in the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock valued at $41,076,000 after purchasing an additional 136,756 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE:RHP traded down $0.45 on Tuesday, reaching $113.86. The stock had a trading volume of 229,265 shares, compared to its average volume of 455,478. The company has a quick ratio of 1.92, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties has a 1-year low of $92.34 and a 1-year high of $122.91. The stock has a fifty day moving average price of $107.42 and a 200-day moving average price of $103.92. The company has a market capitalization of $6.82 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to analysts' expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.73 earnings per share. Research analysts forecast that Ryman Hospitality Properties will post 8.42 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties's payout ratio is currently 81.71%.

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.