Truist Financial Issues Pessimistic Forecast for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP - Free Report) had its price target reduced by Truist Financial from $133.00 to $127.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust's stock.

A number of other brokerages also recently issued reports on RHP. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. Wells Fargo & Company cut 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 report on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average price target of $124.67.

Remove Ads

Ryman Hospitality Properties Stock Up 1.9 %

NYSE RHP traded up $1.82 during midday trading on Friday, hitting $96.30. 232,531 shares of the company traded hands, compared to its average volume of 528,663. Ryman Hospitality Properties has a 52 week low of $92.04 and a 52 week high of $121.77. The company's 50-day simple moving average is $100.86 and its 200-day simple moving average is $106.36. The company has a market cap of $5.77 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued 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 return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. As a group, equities research analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RHP. Victory Capital Management Inc. lifted its stake in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after purchasing an additional 255,229 shares in the last quarter. Citigroup Inc. raised its position in shares of Ryman Hospitality Properties by 72.9% during the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock valued at $5,817,000 after buying an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $741,000. Van ECK Associates Corp grew its position in Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock worth $1,159,000 after acquiring an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in Ryman Hospitality Properties during the third quarter worth $488,000. 94.48% of the stock is owned by institutional investors and hedge funds.

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.