Ryman Hospitality Properties (NYSE:RHP) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other brokerages also recently weighed in on RHP. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price target for the company. 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 report on Monday, July 21st. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.40.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $87.57 on Friday. The company has a 50 day moving average of $94.02 and a 200-day moving average of $95.25. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a market cap of $5.52 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.57.

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

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a yield of 5.3%. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. increased its position in Ryman Hospitality Properties by 4.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 108,310 shares of the real estate investment trust’s stock valued at $9,703,000 after acquiring an additional 4,529 shares during the period. New York State Teachers Retirement System increased its position in Ryman Hospitality Properties by 1.4% in the 3rd quarter. New York State Teachers Retirement System now owns 25,727 shares of the real estate investment trust’s stock valued at $2,305,000 after acquiring an additional 344 shares during the period. Bayforest Capital Ltd acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at approximately $776,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ryman Hospitality Properties by 9.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,670 shares of the real estate investment trust’s stock valued at $1,225,000 after acquiring an additional 1,188 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Ryman Hospitality Properties by 3.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 14,200 shares of the real estate investment trust’s stock valued at $1,272,000 after acquiring an additional 500 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.