Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Has Average Price Target of $135.25 According to Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $136.67.

Several analysts recently issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Ryman Hospitality Properties from $135.00 to $152.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Evercore downgraded shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 target price for the company. in a research report on Monday, October 26th. Jefferies Financial Group restated a “buy” rating and issued a $145.00 target price on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Finally, Truist Financial upped their target price on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, September 10th.

Ryman Hospitality Properties Price Performance

RHP stock opened at $138.61 on Friday. The stock’s 50 day moving average is $125.91 and its two-hundred day moving average is $115.10. Ryman Hospitality Properties has a 52-week low of $89.60 and a 52-week high of $139.28. The company has a market capitalization of $9.56 billion, a PE ratio of 14.96, a P/E/G ratio of 2.35 and a beta of 1.23. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.29.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $1.62 by ($1.04). Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 29.45%. The business had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $646.13 million. During the same quarter last year, the company posted $1.63 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts predict that Ryman Hospitality Properties will post 9.26 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 115.94%.

Institutional Trading of Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter valued at approximately $36,000. Global Retirement Partners LLC bought a new position in Ryman Hospitality Properties during the second quarter worth $43,000. Signaturefd LLC lifted its stake in Ryman Hospitality Properties by 61.2% during the third quarter. Signaturefd LLC now owns 361 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 137 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in Ryman Hospitality Properties during the second quarter worth $51,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc. is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment. The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.