Ryman Hospitality Properties' (RHP) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Ryman Hospitality Properties (NYSE:RHP - Free Report) in a report issued on Friday morning, Marketbeat reports. They currently have a $100.00 target price on the real estate investment trust's stock.

A number of other equities analysts have also recently weighed in on RHP. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday. They issued an "outperform" rating and a $133.00 price objective for the company. Truist Financial increased their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $128.57.

Ryman Hospitality Properties Trading Down 2.1 %

RHP stock traded down $2.39 during midday trading on Friday, hitting $113.24. 539,121 shares of the company's stock were exchanged, compared to its average volume of 452,846. Ryman Hospitality Properties has a 1-year low of $93.76 and a 1-year 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 capitalization of $6.78 billion, a PE ratio of 20.54, a P/E/G ratio of 2.95 and a beta of 1.65. The business has a 50-day simple moving average of $112.63 and a two-hundred day simple moving average of $105.63.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data 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). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same period in the previous year, the business posted $1.73 earnings per share. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Ryman Hospitality Properties will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 4.06%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 78.15%.

Insiders Place Their Bets

In other news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, 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 can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business'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 approximately $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Panagora Asset Management Inc. boosted its stake in Ryman Hospitality Properties by 11.2% in the second quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust's stock valued at $22,243,000 after acquiring an additional 22,428 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ryman Hospitality Properties by 0.8% in 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 purchasing an additional 12,058 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $4,390,000. Wealth Enhancement Advisory Services LLC grew its stake in Ryman Hospitality Properties by 133.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock worth $469,000 after buying an additional 2,684 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position 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 buying an additional 136,756 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.