Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $125.67.

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock.

Ryman Hospitality Properties Stock Down 0.3 %

Shares of NYSE RHP opened at $96.83 on Thursday. The company’s 50-day simple moving average is $103.73 and its 200-day simple moving average is $107.01. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $121.77. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Equities analysts predict that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently bought and sold shares of RHP. Creative Planning raised its stake in Ryman Hospitality Properties by 6.4% during the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 323 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Ryman Hospitality Properties by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,414 shares of the real estate investment trust’s stock valued at $1,224,000 after acquiring an additional 885 shares during the period. Blue Trust Inc. raised its stake in shares of Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 443 shares during the period. Raymond James & Associates raised its stake in shares of Ryman Hospitality Properties by 34.3% in the 3rd quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock valued at $2,754,000 after acquiring an additional 6,563 shares during the period. Finally, Greystone Financial Group LLC raised its stake in shares of Ryman Hospitality Properties by 46.5% in the 3rd quarter. Greystone Financial Group LLC now owns 6,387 shares of the real estate investment trust’s stock valued at $685,000 after acquiring an additional 2,026 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

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.