Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Recommendation of “Buy” by Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $132.3333.

A number of research firms have weighed in on RHP. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Finally, Barclays raised their target price on Ryman Hospitality Properties from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, August 27th.

Ryman Hospitality Properties Trading Up 0.5%

NYSE:RHP opened at $120.58 on Friday. The company’s 50 day moving average is $126.52 and its 200-day moving average is $114.56. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $137.46. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.84 and a beta of 1.18.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same period in the prior year, the firm earned $2.35 EPS. Ryman Hospitality Properties’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Ryman Hospitality Properties will post 9.21 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $4.80 annualized dividend and a dividend yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 117.36%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at $332,000. NewEdge Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at about $317,000. Baird Financial Group Inc. bought a new stake in Ryman Hospitality Properties in the second quarter valued at about $768,000. Allworth Financial LP increased its stake in Ryman Hospitality Properties by 11.7% in the second quarter. Allworth Financial LP now owns 6,704 shares of the real estate investment trust’s stock valued at $862,000 after acquiring an additional 700 shares during the period. Finally, Arizona State Retirement System raised its position in Ryman Hospitality Properties by 0.6% in the second quarter. Arizona State Retirement System now owns 16,543 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 103 shares in the last quarter. 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 real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.