Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $135.25.
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Zacks Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Raymond James Financial raised their target price on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. Barclays dropped their price objective on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, Truist Financial increased their price target on Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th.
Get Our Latest Stock Analysis on Ryman Hospitality Properties
Ryman Hospitality Properties Stock Up 0.2%
Shares of Ryman Hospitality Properties stock opened at $131.95 on Friday. The stock has a 50-day moving average price of $125.23 and a 200 day moving average price of $114.47. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The company has a market cap of $8.33 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.03 and a beta of 1.23. Ryman Hospitality Properties has a 1 year low of $89.60 and a 1 year high of $137.46.
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.04). The business had revenue of $655.80 million during the quarter, compared to the consensus estimate of $646.13 million. Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 35.38%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. As a group, analysts expect that Ryman Hospitality Properties will post 9.31 EPS for the current fiscal year.
Ryman Hospitality Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 115.94%.
Institutional Investors Weigh In On Ryman Hospitality Properties
A number of hedge funds have recently added to or reduced their stakes in RHP. BlackRock Inc. purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth $1,438,737,000. Bank of New York Mellon Corp acquired a new position in shares of Ryman Hospitality Properties in the second quarter valued at $78,347,000. Bruni J V & Co. Co. bought a new position in Ryman Hospitality Properties during the 2nd quarter worth approximately $65,555,872. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at $60,655,000. Finally, Legal & General Group Plc purchased a new stake in Ryman Hospitality Properties in the second quarter worth $52,107,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.
Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.
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