Ryman Hospitality Properties (NYSE:RHP) Sets New 1-Year Low - Time to Sell?

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $91.67 and last traded at $91.77, with a volume of 35687 shares. The stock had previously closed at $93.45.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price for the company. Finally, Truist Financial decreased their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $124.67.

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Ryman Hospitality Properties Stock Up 1.3 %

The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a fifty day moving average price of $99.79 and a 200 day moving average price of $106.10. The company has a market cap of $5.55 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS 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 firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Insider Activity

In other 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 transaction, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the 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 purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. 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 large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after purchasing an additional 931,283 shares during the last quarter. Cooke & Bieler LP purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at about $74,811,000. Hamlin Capital Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at about $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ryman Hospitality Properties by 483.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock worth $65,391,000 after purchasing an additional 505,207 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Ryman Hospitality Properties by 946.6% in the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock worth $52,455,000 after purchasing an additional 454,922 shares during the last quarter. 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.