Shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) have been given an average rating of “Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $76.80.
Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Citigroup raised their price target on shares of Ryman Hospitality Properties from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 1st. Bank of America raised their price target on shares of Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Deutsche Bank raised their price target on shares of Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, SunTrust Banks raised their price target on shares of Ryman Hospitality Properties to $70.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. They noted that the move was a valuation call.
In related news, SVP Jennifer L. Hutcheson sold 1,081 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.63, for a total transaction of $75,270.03. Following the completion of the transaction, the senior vice president now owns 7,764 shares of the company’s stock, valued at $540,607.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Colin V. Reed bought 5,995 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, January 17th. The shares were acquired at an average cost of $75.81 per share, with a total value of $454,480.95. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.
Shares of Ryman Hospitality Properties (RHP) traded down $0.27 on Friday, reaching $77.69. 41,700 shares of the company’s stock traded hands, compared to its average volume of 326,593. The firm has a market capitalization of $3,977.86, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. Ryman Hospitality Properties has a 52 week low of $57.78 and a 52 week high of $78.91.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company had revenue of $345.18 million during the quarter, compared to the consensus estimate of $335.37 million. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. Ryman Hospitality Properties’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.51 earnings per share. analysts anticipate that Ryman Hospitality Properties will post 5.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.85 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 93.57%.
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Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George?s County, Maryland.
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