Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $126.17.

RHP has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective for the company. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, Truist Financial increased their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded up $0.07 during trading hours on Friday, reaching $118.25. The stock had a trading volume of 324,954 shares, compared to its average volume of 400,268. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.98 and a beta of 1.65. Ryman Hospitality Properties has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The firm has a 50-day moving average of $111.88 and a 200-day moving average of $105.27. 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 (NYSE:RHP - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 61.94% and a net margin of 14.84%. The business's revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.73 earnings per share. Equities research analysts predict that Ryman Hospitality Properties will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business 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 dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties's payout ratio is presently 81.71%.

Insider Activity

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the business's stock in a transaction 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 sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company's stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 103 shares during the last quarter. Avior Wealth Management LLC raised its stake in 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 during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock valued at $3,829,000 after purchasing an additional 138 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock worth $779,000 after purchasing an additional 152 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of Ryman Hospitality Properties by 4.6% during the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust's stock worth $371,000 after buying an additional 162 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

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.