Ryman Hospitality Properties (NYSE:RHP) Given "Buy" Rating at Truist Financial

Truist Financial reiterated their buy rating on shares of Ryman Hospitality Properties (NYSE:RHP - Free Report) in a research report released on Tuesday,Benzinga reports. The firm currently has a $133.00 target price on the real estate investment trust's stock, down from their prior target price of $136.00.

A number of other research firms also recently commented on RHP. Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. 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 on the stock. StockNews.com cut shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Friday, February 21st. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $125.67.

Remove Ads

Ryman Hospitality Properties Stock Up 2.1 %

NYSE RHP traded up $2.03 during trading hours on Tuesday, reaching $98.89. 711,617 shares of the company traded hands, compared to its average volume of 455,704. Ryman Hospitality Properties has a 12 month low of $93.76 and a 12 month high of $121.77. 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 $5.92 billion, a PE ratio of 22.53, a PEG ratio of 2.71 and a beta of 1.67. The company has a 50 day moving average of $103.41 and a two-hundred day moving average of $106.86.

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

Ryman Hospitality Properties Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.65%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought 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 in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently bought and sold shares of RHP. Creative Planning grew its position in Ryman Hospitality Properties by 6.4% in the 3rd quarter. Creative Planning now owns 5,350 shares of the real estate investment trust's stock valued at $574,000 after buying an additional 323 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Ryman Hospitality Properties by 183.1% in the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust's stock worth $68,000 after buying an additional 443 shares during the period. Raymond James & Associates boosted its holdings in shares of Ryman Hospitality Properties by 34.3% in the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust's stock worth $2,754,000 after buying an additional 6,563 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ryman Hospitality Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust's stock worth $241,000 after buying an additional 574 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Ryman Hospitality Properties by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust's stock worth $589,000 after buying an additional 795 shares during the period. 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.