Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $125.17 Average Price Target from Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $125.17.

Several research firms have recently weighed in on RHP. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

Insiders Place Their Bets

In other news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RHP. Quadrature Capital Ltd lifted its position in shares of Ryman Hospitality Properties by 94.3% during the first quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock valued at $2,389,000 after purchasing an additional 10,015 shares in the last quarter. SageView Advisory Group LLC lifted its position in shares of Ryman Hospitality Properties by 203.2% during the first quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust’s stock valued at $1,332,000 after purchasing an additional 7,723 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Ryman Hospitality Properties by 378.7% during the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 16,873 shares in the last quarter. Centersquare Investment Management LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $1,833,000. Finally, PGGM Investments bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at about $7,512,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

RHP stock opened at $111.41 on Tuesday. The company has a fifty day moving average price of $108.64 and a 200-day moving average price of $104.17. The company has a market capitalization of $6.67 billion, a P/E ratio of 19.79, a PEG ratio of 1.99 and a beta of 1.65. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. Ryman Hospitality Properties’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 EPS. As a group, equities analysts expect that Ryman Hospitality Properties will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.13%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 81.71%.

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.