Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $114.67 Average Target Price from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $114.6667.

Several analysts have issued reports on RHP shares. Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a report on Wednesday. They set an “overweight” rating and a $108.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Saturday, September 27th. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, September 26th.

Insider Buying and Selling

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, with a total value of $190,660.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock worth $6,753,000 after buying an additional 8,261 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Ryman Hospitality Properties by 7.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 405 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Ryman Hospitality Properties by 53.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust’s stock worth $692,000 after purchasing an additional 2,615 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Ryman Hospitality Properties by 44.3% in the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust’s stock valued at $1,526,000 after purchasing an additional 5,125 shares during the period. Finally, Amalgamated Bank grew its position in shares of Ryman Hospitality Properties by 751.6% during the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 15,039 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $91.12 on Friday. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a market cap of $5.74 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.64 and a beta of 1.57. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50-day simple moving average is $96.03 and its 200 day simple moving average is $95.31.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same period last year, the company earned $2.78 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, sell-side analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 109.79%.

About Ryman Hospitality Properties

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.