Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $132.42.

RHP has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Zacks Research upgraded Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Barclays reduced their target price on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday. Raymond James Financial increased their target price on Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th.

Ryman Hospitality Properties Stock Up 0.6%

Shares of RHP opened at $126.16 on Tuesday. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.92 and a beta of 1.22. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $137.46. The stock’s 50-day moving average price is $123.50 and its 200-day moving average price is $118.55. 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 (NYSE:RHP) last announced its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. The company had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same period in the previous year, the company posted $2.35 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, sell-side analysts predict that Ryman Hospitality Properties will post 9.23 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio is currently 117.36%.

Institutional Trading of Ryman Hospitality Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $43,000. Trust Co. of Vermont purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $51,000. Fifth Third Bancorp increased its stake in Ryman Hospitality Properties by 34.2% during the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 219 shares in the last quarter. Finally, Purpose Unlimited Inc. acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors 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 lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.