Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $119.71

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $116.00.

A number of equities analysts have weighed in on the stock. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a research report on Tuesday. Evercore ISI decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lowered their price objective 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. Truist Financial reduced their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $97.21 on Tuesday. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $5.83 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.71 and a beta of 1.55. The business’s 50 day moving average price is $90.68 and its 200 day moving average price is $101.60.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. On average, sell-side analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.73%. Ryman Hospitality Properties’s dividend payout ratio is presently 97.46%.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now 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 legal filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter worth $31,000. Fifth Third Bancorp increased its position in Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 367 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $72,000. CWM LLC lifted its holdings in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 493 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $83,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.