Ryman Hospitality Properties (NYSE:RHP) Sets New 12-Month Low - Here's What Happened

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $93.17 and last traded at $94.12, with a volume of 412163 shares traded. The stock had previously closed at $96.87.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RHP shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial restated a "buy" rating and issued a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research 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. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average target price of $125.67.

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Ryman Hospitality Properties Stock Performance

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock's fifty day moving average is $101.60 and its two-hundred day moving average is $106.60. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data 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. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. On average, analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.66%. Ryman Hospitality Properties's payout ratio is 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. The trade was 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 owned by corporate insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds have recently made changes to their positions in RHP. Quarry LP acquired a new position in shares of Ryman Hospitality Properties in the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $31,000. Avior Wealth Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 137 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $72,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $83,000. Institutional investors and hedge funds 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.