Analysts Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $128.57

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat.com 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 twelve-month price target among brokers that have covered the stock in the last year is $128.57.

RHP has been the subject of a number of research reports. Truist Financial upped their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Jefferies Financial Group initiated 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. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target for the company.

Ryman Hospitality Properties Price Performance

Shares of RHP traded down $1.84 during trading hours on Friday, reaching $103.63. 324,960 shares of the company's stock traded hands, compared to its average volume of 324,179. Ryman Hospitality Properties has a 12 month low of $93.76 and a 12 month high of $122.91. 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 stock has a market cap of $6.21 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.67. The firm's 50 day simple moving average is $109.25 and its 200-day simple moving average is $106.69.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly 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). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company had revenue of $549.90 million during the quarter, compared to analysts' expectations of $545.93 million. During the same period in the prior year, the firm earned $1.73 EPS. Ryman Hospitality Properties's quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Ryman Hospitality Properties will post 8.48 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.44%. Ryman Hospitality Properties's dividend payout ratio is presently 81.71%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RHP. Reinhart Partners LLC. boosted its stake in Ryman Hospitality Properties by 55.5% during the third quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock worth $41,076,000 after acquiring an additional 136,756 shares in the last quarter. Citigroup Inc. boosted its position in shares of Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock worth $5,817,000 after purchasing an additional 22,871 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth approximately $488,000. Duff & Phelps Investment Management Co. grew its stake in shares of Ryman Hospitality Properties by 24.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust's stock worth $55,157,000 after buying an additional 110,027 shares during the last quarter. Finally, Raymond James & Associates increased its position in Ryman Hospitality Properties by 34.3% during the 3rd quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust's stock valued at $2,754,000 after buying an additional 6,563 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

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.