Ryman Hospitality Properties, Inc. (RHP) Receives $58.00 Consensus PT from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $58.00.

A number of analysts have commented on RHP shares. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Thursday, May 4th. Bank of America Corporation downgraded shares of Ryman Hospitality Properties from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research report on Friday, March 3rd. Finally, BidaskClub upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research report on Wednesday.

Ryman Hospitality Properties (RHP) traded up 2.11% during midday trading on Tuesday, hitting $66.35. The stock had a trading volume of 505,144 shares. The stock has a 50 day moving average of $63.82 and a 200 day moving average of $62.89. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 20.54 and a beta of 1.14. Ryman Hospitality Properties has a 12 month low of $47.16 and a 12 month high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.54. The firm had revenue of $276.04 million during the quarter, compared to the consensus estimate of $270.82 million. Ryman Hospitality Properties had a net margin of 14.23% and a return on equity of 46.25%. Analysts expect that Ryman Hospitality Properties will post $3.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Monday, June 19th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, June 15th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 99.07%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in Ryman Hospitality Properties by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,140 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 27 shares during the period. James Investment Research Inc. bought a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $141,000. Creative Planning increased its position in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,079 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 89 shares during the last quarter. 90.75% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

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