Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $125.67 Average Price Target from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $125.67.

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Truist Financial reissued a “buy” rating and set a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $95.78 on Monday. The stock has a market capitalization of $5.74 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties has a 52-week low of $93.17 and a 52-week high of $121.77. The stock’s 50-day moving average price is $101.15 and its 200 day moving average price is $106.42. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, equities research analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quantinno Capital Management LP lifted its stake in shares of Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 98 shares during the period. Cetera Investment Advisers increased its holdings in shares of Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after buying an additional 125 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Ryman Hospitality Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after buying an additional 132 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after buying an additional 152 shares during the last quarter. 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.