Ryman Hospitality Properties (NYSE:RHP) Hits New 12-Month Low on Analyst Downgrade

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s share price reached a new 52-week low during mid-day trading on Friday after Truist Financial lowered their price target on the stock from $133.00 to $127.00. Truist Financial currently has a buy rating on the stock. Ryman Hospitality Properties traded as low as $92.04 and last traded at $93.11, with a volume of 199165 shares trading hands. The stock had previously closed at $95.59.

Several other equities analysts have also weighed in on RHP. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.67.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares during the last quarter. Cooke & Bieler LP purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $74,811,000. Hamlin Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ryman Hospitality Properties by 483.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock valued at $65,391,000 after acquiring an additional 505,207 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Ryman Hospitality Properties by 946.6% during the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust’s stock valued at $52,455,000 after acquiring an additional 454,922 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.1 %

The stock has a fifty day moving average of $100.86 and a 200 day moving average of $106.31. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $5.67 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.