Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $119.67 Average Price Target from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $119.67.

A number of research analysts have commented on the company. Wells Fargo & Company reduced their price objective on 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. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Truist Financial decreased their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Jefferies Financial Group dropped their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after acquiring an additional 931,283 shares during the period. Cooke & Bieler LP bought a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $74,811,000. Hamlin Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $65,142,000. Janus Henderson Group PLC boosted its stake in Ryman Hospitality Properties by 946.6% during the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust’s stock valued at $52,455,000 after purchasing an additional 454,922 shares during the period. Finally, Norges Bank bought a new position in Ryman Hospitality Properties in the 4th quarter worth about $29,448,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 2.3 %

RHP opened at $85.40 on Friday. The company has a market cap of $5.12 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. 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 has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a 50 day moving average price of $95.52 and a 200 day moving average price of $104.45.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.39%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 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.