Ryman Hospitality Properties (NYSE:RHP) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research note released on Friday.

Several other research analysts also recently weighed in on RHP. Bank of America upped their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price 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. Truist Financial lowered their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an “overweight” rating and a $117.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Buy” and a consensus target price of $115.50.

Ryman Hospitality Properties Trading Up 0.7%

RHP stock opened at $92.72 on Friday. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.67 and a beta of 1.58. The business has a 50 day simple moving average of $96.92 and a two-hundred day simple moving average of $95.51.

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, topping the consensus estimate 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 business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same period in the prior year, the company posted $2.78 EPS. The firm’s revenue for the quarter 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. Research analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

Insiders Place Their Bets

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares of the company’s stock, valued at approximately $190,660. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of RHP. Nuveen LLC purchased a new stake in Ryman Hospitality Properties in the first quarter worth $67,901,000. Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 7.3% in the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after purchasing an additional 603,936 shares during the period. Norges Bank purchased a new stake in Ryman Hospitality Properties in the second quarter worth $56,123,000. GRS Advisors LLC purchased a new stake in Ryman Hospitality Properties in the second quarter worth $39,171,000. Finally, Hamlin Capital Management LLC increased its stake in Ryman Hospitality Properties by 42.2% in the first quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock worth $81,195,000 after purchasing an additional 263,630 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.