Ryman Hospitality Properties (NYSE:RHP) Reaches New 12-Month Low After Analyst Downgrade

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) hit a new 52-week low on Wednesday after Jefferies Financial Group lowered their price target on the stock from $118.00 to $100.00. Jefferies Financial Group currently has a buy rating on the stock. Ryman Hospitality Properties traded as low as $77.73 and last traded at $78.68, with a volume of 2464500 shares traded. The stock had previously closed at $81.22.

Several other research analysts have also recently 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 Saturday, March 1st. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company cut their target price on 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. Finally, Truist Financial decreased their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.67.

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Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties 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 $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after acquiring an additional 101,333 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock valued at $156,427,000 after purchasing an additional 12,323 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ryman Hospitality Properties by 10.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock valued at $150,220,000 after purchasing an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after purchasing an additional 14,861 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after buying an additional 5,807 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 0.1 %

The company has a fifty day simple moving average of $95.52 and a 200-day simple moving average of $104.45. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 19.49, a P/E/G 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 quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $656.01 million. On average, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.38%. Ryman Hospitality Properties's dividend payout ratio is 104.78%.

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.