Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $108.70 Consensus Price Target from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten 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 $110.6364.

A number of brokerages recently issued reports on RHP. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Barclays set a $109.00 price objective on shares of Ryman Hospitality Properties in a research note on Tuesday. Finally, Evercore ISI dropped their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $94.67 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock has a fifty day simple moving average of $94.90 and a two-hundred day simple moving average of $95.16. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $108.42. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.36 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. The firm had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 earnings per share. Analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

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

Insiders Place Their Bets

In related news, Chairman Colin V. Reed purchased 8,993 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the transaction, the chairman directly owned 888,010 shares in the company, valued at approximately $81,839,001.60. This represents a 1.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of 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 worth $3,634,000 after purchasing an additional 12,169 shares during the period. AQR Capital Management LLC grew its position in Ryman Hospitality Properties by 131.0% during the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 7,610 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $3,193,000 after acquiring an additional 1,548 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 8.8% in 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 acquiring an additional 63,507 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Ryman Hospitality Properties by 1.1% during the 1st 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 valued at $53,020,000 after acquiring an additional 6,209 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.