Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $108.70 Consensus PT from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $110.6364.

Several equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday. Barclays set a $109.00 price target on Ryman Hospitality Properties in a research note on Tuesday. Finally, Evercore ISI reduced their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $94.48 on Friday. The stock has a market capitalization of $5.95 billion, a PE ratio of 24.99, a PEG ratio of 2.55 and a beta of 1.22. The business’s 50 day simple moving average is $94.81 and its 200 day simple moving average is $95.17. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49. Ryman Hospitality Properties has a one year low of $76.27 and a one year high of $108.42.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The firm had revenue of $592.46 million during the quarter, compared to analyst estimates of $573.40 million. During the same quarter last year, the business earned $1.93 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $1.20 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio is 126.98%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,993 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the acquisition, the chairman owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Ryman Hospitality Properties by 44.1% in the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after acquiring an additional 12,169 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 7,610 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ryman Hospitality Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,924 shares of the real estate investment trust’s stock valued at $3,193,000 after purchasing an additional 1,548 shares during the period. Goldman Sachs Group Inc. increased its stake in Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after purchasing an additional 63,507 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Ryman Hospitality Properties by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 579,834 shares of the real estate investment trust’s stock worth $53,020,000 after buying an additional 6,209 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.