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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are currently covering the stock, 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 price target among brokers that have issued ratings on the stock in the last year is $119.67.

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial cut their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group decreased their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th.

Insider Buying and Selling at Ryman Hospitality Properties

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

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position 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 buying an additional 931,283 shares during the last quarter. Cooke & Bieler LP bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $74,811,000. Hamlin Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at about $65,142,000. Janus Henderson Group PLC increased its holdings in shares of Ryman Hospitality Properties by 946.6% in the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock worth $52,455,000 after purchasing an additional 454,922 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $29,448,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Down 1.4 %

Ryman Hospitality Properties stock traded down $1.20 on Friday, hitting $84.08. 264,165 shares of the stock traded hands, compared to its average volume of 933,042. Ryman Hospitality Properties has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a market cap of $5.04 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. 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 business's fifty day simple moving average is $95.17 and its 200 day simple moving average is $104.28.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

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.