Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) have received a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Thirteen research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $132.3333.
A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Citigroup boosted their target price on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Barclays increased their price target on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th.
Read Our Latest Stock Report on RHP
Institutional Investors Weigh In On Ryman Hospitality Properties
Ryman Hospitality Properties Price Performance
NYSE:RHP opened at $121.58 on Friday. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $137.46. The stock has a market cap of $7.67 billion, a PE ratio of 29.72, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average price of $126.35 and a 200 day moving average price of $115.04.
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last issued its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The company had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. During the same period in the prior year, the business earned $2.35 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Ryman Hospitality Properties will post 9.21 EPS for the current fiscal year.
Ryman Hospitality Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio is currently 117.36%.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.
Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.
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