Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $132.33 Consensus Price Target from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHPGet 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Ryman Hospitality Properties during the second quarter worth $43,000. Trust Co. of Vermont purchased a new stake in shares of Ryman Hospitality Properties during the second quarter worth $51,000. Creative Financial Designs Inc. ADV raised its stake in shares of Ryman Hospitality Properties by 104.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 565 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 288 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Ryman Hospitality Properties by 134.9% in the fourth quarter. Hantz Financial Services Inc. now owns 693 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 398 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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:RHPGet 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

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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