Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $108.56

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $108.5556.

RHP has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target on the stock. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 target price on the stock.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,993 shares of the business’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $92.16 per share, with a total value of $828,794.88. Following the acquisition, the chairman directly owned 888,010 shares in the company, valued at approximately $81,839,001.60. The trade was a 1.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RHP. First Community Trust NA increased its holdings in Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 100 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the period. Norinchukin Bank The raised its position in Ryman Hospitality Properties by 4.2% in the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 119 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ryman Hospitality Properties by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 130 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Ryman Hospitality Properties by 0.8% during the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock worth $1,609,000 after purchasing an additional 132 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Up 0.2%

Shares of Ryman Hospitality Properties stock opened at $97.98 on Wednesday. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $108.42. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock has a 50 day moving average price of $92.35 and a two-hundred day moving average price of $95.55. The stock has a market capitalization of $6.17 billion, a P/E ratio of 25.92, a PEG ratio of 2.39 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The business had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. During the same period in the previous year, the company earned $1.93 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.9%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 121.69%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.