Ryman Hospitality Properties (NYSE:RHP) Reaches New 12-Month Low - Here's Why

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $85.54 and last traded at $87.20, with a volume of 306722 shares traded. The stock had previously closed at $93.91.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent analyst reports. Truist Financial cut their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.67.

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Ryman Hospitality Properties Stock Performance

The company's 50-day moving average price is $97.03 and its two-hundred day moving average price is $105.14. The company has a market cap of $4.71 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares of the company's stock, 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. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Ryman Hospitality Properties by 78.6% during the 1st quarter. Rhumbline Advisers now owns 168,231 shares of the real estate investment trust's stock valued at $15,383,000 after buying an additional 74,032 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ryman Hospitality Properties by 10,042.9% in the first quarter. GAMMA Investing LLC now owns 48,280 shares of the real estate investment trust's stock valued at $4,415,000 after acquiring an additional 47,804 shares during the last quarter. Employees Retirement System of Texas grew its position in Ryman Hospitality Properties by 9.6% in the fourth quarter. Employees Retirement System of Texas now owns 56,912 shares of the real estate investment trust's stock worth $5,938,000 after acquiring an additional 5,000 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter worth approximately $31,000. Finally, DigitalBridge Group Inc. acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $12,218,000. 94.48% of the stock is currently 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.