Ryman Hospitality Properties (RHP) Upgraded at Citigroup

Citigroup upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a neutral rating to a buy rating in a research note released on Friday morning, Marketbeat Ratings reports. Citigroup currently has $86.00 target price on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Wednesday, January 10th. SunTrust Banks lifted their target price on shares of Ryman Hospitality Properties to $70.00 and gave the stock an outperform rating in a research note on Monday, February 26th. They noted that the move was a valuation call. Deutsche Bank lifted their target price on shares of Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a buy rating in a research note on Monday, February 26th. Wells Fargo raised shares of Ryman Hospitality Properties from a market perform rating to an outperform rating and set a $76.00 target price on the stock in a research note on Tuesday, December 19th. Finally, Bank of America lifted their target price on shares of Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a buy rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $78.83.

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NYSE:RHP opened at $76.15 on Friday. The stock has a market capitalization of $3,899.01, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. Ryman Hospitality Properties has a twelve month low of $57.78 and a twelve month high of $78.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $345.18 million for the quarter, compared to the consensus estimate of $335.37 million. During the same period in the previous year, the firm earned $1.51 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 7.9% compared to the same quarter last year. research 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. Stockholders of record on Friday, March 30th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.46%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, March 28th. Ryman Hospitality Properties’s payout ratio is 61.15%.

In related news, CEO Colin V. Reed purchased 5,995 shares of Ryman Hospitality Properties stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. CapWealth Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 15.6% in the 4th quarter. CapWealth Advisors LLC now owns 38,347 shares of the real estate investment trust’s stock valued at $2,647,000 after acquiring an additional 5,180 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $1,411,000. Vident Investment Advisory LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $315,000. Verition Fund Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $327,000. Finally, Millennium Management LLC raised its stake in shares of Ryman Hospitality Properties by 66.3% in the 4th quarter. Millennium Management LLC now owns 92,678 shares of the real estate investment trust’s stock valued at $6,397,000 after acquiring an additional 36,935 shares during the period. 87.13% of the stock is currently owned by institutional investors and hedge funds.

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About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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