According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “
Other analysts have also recently issued reports about the company. ValuEngine cut Ryman Hospitality Properties from a hold rating to a sell rating in a report on Thursday, August 1st. Deutsche Bank reaffirmed a buy rating and issued a $106.00 price target on shares of Ryman Hospitality Properties in a research note on Wednesday. SunTrust Banks lowered their price target on Ryman Hospitality Properties from $81.00 to $78.00 and set a hold rating for the company in a research note on Friday, August 9th. Wells Fargo & Co upped their price target on Ryman Hospitality Properties from $89.00 to $95.00 and gave the company an outperform rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on Ryman Hospitality Properties from $77.00 to $76.00 and set an underweight rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $89.20.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.44 by ($1.01). The business had revenue of $379.79 million for the quarter, compared to analyst estimates of $370.70 million. Ryman Hospitality Properties had a return on equity of 58.06% and a net margin of 17.14%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. On average, equities analysts forecast that Ryman Hospitality Properties will post 6.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, September 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 61.43%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of Ryman Hospitality Properties in the second quarter worth $32,000. TCI Wealth Advisors Inc. acquired a new stake in Ryman Hospitality Properties in the third quarter valued at about $33,000. Huntington National Bank boosted its stake in Ryman Hospitality Properties by 75.6% in the second quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 211 shares in the last quarter. HM Payson & Co. acquired a new stake in Ryman Hospitality Properties in the second quarter valued at about $41,000. Finally, FMR LLC boosted its stake in Ryman Hospitality Properties by 24.5% in the first quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 196 shares in the last quarter. 87.80% of the stock is owned by institutional investors.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
Featured Article: What is the yield curve?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.