Ryman Hospitality Properties (NYSE:RHP) Sets New 52-Week Low Following Analyst Downgrade

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s stock price reached a new 52-week low during trading on Friday after Truist Financial lowered their price target on the stock from $133.00 to $127.00. Truist Financial currently has a buy rating on the stock. Ryman Hospitality Properties traded as low as $92.04 and last traded at $93.11, with a volume of 199165 shares. The stock had previously closed at $95.59.

A number of other research firms have also weighed in on RHP. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.67.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly 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 currently owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors have recently added to or reduced their stakes in RHP. Quarry LP bought a new position in Ryman Hospitality Properties in the 3rd quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at about $31,000. Avior Wealth Management LLC increased its stake in 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 valued at $47,000 after purchasing an additional 137 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at about $72,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $83,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $5.67 billion, a PE ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. The business’s fifty day moving average price is $100.86 and its 200-day moving average price is $106.28.

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

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

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.