Ryman Hospitality Properties (NYSE:RHP) Shares Gap Up - Time to Buy?

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $98.82, but opened at $101.64. Ryman Hospitality Properties shares last traded at $99.76, with a volume of 306,375 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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 target price on the stock. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wells Fargo & Company dropped their target price 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. Truist Financial restated a "buy" rating and set a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.67.

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Ryman Hospitality Properties Trading Down 2.6 %

The firm has a 50 day moving average price of $102.09 and a two-hundred day moving average price of $106.75. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to the consensus estimate 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.70%. Ryman Hospitality Properties's payout ratio is 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently modified their holdings of the stock. Quarry LP bought a new position in Ryman Hospitality Properties during the third quarter worth $28,000. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties by 44.9% during the 3rd 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 in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 218 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $72,000. 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.