Ryman Hospitality Properties (NYSE:RHP) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties (NYSE:RHP - Free Report) in a report issued on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $130.00 price target on the real estate investment trust's stock.

A number of other equities analysts have also commented on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.17.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded up $4.74 during mid-day trading on Wednesday, reaching $113.04. The company's stock had a trading volume of 949,574 shares, compared to its average volume of 455,771. The firm's fifty day moving average price is $107.09 and its two-hundred day moving average price is $103.88. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties has a 12-month low of $88.14 and a 12-month high of $122.91. The company has a market capitalization of $6.77 billion, a P/E ratio of 21.21, a PEG ratio of 2.05 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to analysts' expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.21% and a return on equity of 60.97%. Ryman Hospitality Properties's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Sell-side analysts predict that Ryman Hospitality Properties will post 8.38 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. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.07%. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio (DPR) is 82.55%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Ryman Hospitality Properties by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,255 shares of the real estate investment trust's stock valued at $608,000 after purchasing an additional 451 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $207,000. Private Advisor Group LLC increased its holdings in shares of Ryman Hospitality Properties by 4.2% in the first quarter. Private Advisor Group LLC now owns 12,365 shares of the real estate investment trust's stock worth $1,430,000 after buying an additional 499 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Ryman Hospitality Properties by 28.9% in the 1st quarter. BNP Paribas Financial Markets now owns 69,637 shares of the real estate investment trust's stock valued at $8,051,000 after acquiring an additional 15,601 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Ryman Hospitality Properties during the 1st quarter valued at about $215,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.