Ryman Hospitality Properties (NYSE:RHP) Shares Cross Above 200-Day Moving Average - Time to Sell?

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $106.08 and traded as high as $106.35. Ryman Hospitality Properties shares last traded at $104.34, with a volume of 464,541 shares trading hands.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price on the stock. Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.57.

Ryman Hospitality Properties Price Performance

The business's 50 day moving average is $111.71 and its two-hundred day moving average is $106.07. 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 firm has a market capitalization of $6.25 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.95 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 14.84% and a return on equity of 61.94%. 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. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio is presently 81.71%.

Insider Activity

In other news, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company's stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at about $28,000. SYSTM Wealth Solutions LLC purchased a new stake in Ryman Hospitality Properties in the second quarter valued at approximately $32,000. Quest Partners LLC raised its stake in Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 338 shares in the last quarter. GAMMA Investing LLC lifted its position in Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after buying an additional 137 shares in the last quarter. 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.