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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $128.57.

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price target on the stock. Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price for the company. 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, Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th.

Insider Activity

In related news, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after buying an additional 931,283 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Ryman Hospitality Properties by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock valued at $158,404,000 after acquiring an additional 12,058 shares in the last quarter. Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock worth $156,427,000 after purchasing an additional 12,323 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Ryman Hospitality Properties by 264.2% during 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 acquiring an additional 870,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock valued at $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Down 1.6 %

Shares of RHP traded down $1.71 during midday trading on Wednesday, hitting $104.34. 464,541 shares of the stock were exchanged, compared to its average volume of 459,163. The stock has a fifty day simple moving average of $111.71 and a 200 day simple moving average of $106.07. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91. 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 firm has a market cap of $6.25 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.95 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 analysts' consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million for the quarter, compared to analyst estimates 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 for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. On average, research analysts anticipate that Ryman Hospitality Properties will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Tuesday, December 31st. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's payout ratio is currently 81.71%.

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.