Ryman Hospitality Properties Inc (NYSE:RHP) has earned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $91.50.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. ValuEngine cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, Deutsche Bank increased their price objective on Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 11th.
Shares of NYSE RHP traded up $1.49 during mid-day trading on Friday, hitting $86.49. The company had a trading volume of 3,422 shares, compared to its average volume of 262,406. The stock has a market cap of $4.37 billion, a P/E ratio of 14.76, a PEG ratio of 1.29 and a beta of 1.32. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.88. Ryman Hospitality Properties has a 1-year low of $64.36 and a 1-year high of $90.02.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.85). The company had revenue of $370.80 million during the quarter, compared to analyst estimates of $363.63 million. Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The firm’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 earnings per share. On average, equities analysts forecast that Ryman Hospitality Properties will post 6.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.90 dividend. The ex-dividend date was Thursday, March 28th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 4.16%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 61.43%.
In related news, EVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $83.05, for a total transaction of $269,912.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick S. Chaffin sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $83.39, for a total transaction of $166,780.00. Following the sale, the executive vice president now owns 14,759 shares of the company’s stock, valued at $1,230,753.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,142 shares of company stock worth $592,574. 3.30% of the stock is owned by insiders.
Several large investors have recently modified their holdings of RHP. Resources Investment Advisors Inc. purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $25,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at approximately $50,000. Cresset Asset Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at approximately $63,000. Nisa Investment Advisors LLC lifted its position in shares of Ryman Hospitality Properties by 155.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 985 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 600 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at approximately $75,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
About Ryman Hospitality Properties
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.
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