Brokerages Set Ryman Hospitality Properties, Inc. (REIT) (RHP) Price Target at $76.80

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $80.00.

Several analysts have commented on the stock. Citigroup upgraded shares of Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Deutsche Bank boosted their target price on shares of Ryman Hospitality Properties from $77.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Finally, Bank of America boosted their target price on shares of Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, February 26th.

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Shares of NYSE RHP opened at $76.15 on Wednesday. Ryman Hospitality Properties has a 12 month low of $57.78 and a 12 month high of $78.91. The company has a market cap of $3,904.64, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, beating the consensus estimate of $1.62 by $0.07. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The business had revenue of $345.18 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same period in the previous year, the business posted $1.51 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. equities research analysts predict that Ryman Hospitality Properties will post 5.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.85 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Wednesday, March 28th. Ryman Hospitality Properties’s payout ratio is currently 61.15%.

In other news, CEO Colin V. Reed bought 5,995 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average cost of $75.81 per share, for a total transaction of $454,480.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ryman Hospitality Properties by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 726 shares during the period. Private Advisor Group LLC raised its position in Ryman Hospitality Properties by 27.6% during the third quarter. Private Advisor Group LLC now owns 5,543 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 1,200 shares during the period. Public Employees Retirement System of Ohio raised its position in Ryman Hospitality Properties by 2.1% during the third quarter. Public Employees Retirement System of Ohio now owns 60,136 shares of the real estate investment trust’s stock worth $3,758,000 after acquiring an additional 1,247 shares during the period. Schroder Investment Management Group raised its position in Ryman Hospitality Properties by 16.2% during the fourth quarter. Schroder Investment Management Group now owns 9,352 shares of the real estate investment trust’s stock worth $645,000 after acquiring an additional 1,302 shares during the period. Finally, Keybank National Association OH raised its position in Ryman Hospitality Properties by 8.7% during the fourth quarter. Keybank National Association OH now owns 19,730 shares of the real estate investment trust’s stock worth $1,362,000 after acquiring an additional 1,573 shares during the period. Hedge funds and other institutional investors own 87.13% of the company’s stock.

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About Ryman Hospitality Properties

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.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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