Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $152.00

Ryman Hospitality Properties (NYSE:RHP) had its price target hoisted by Cantor Fitzgerald from $135.00 to $152.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Weiss Ratings raised Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $129.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Citigroup increased their price target on Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, Evercore lowered Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price target on the stock. in a report on Monday, October 26th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

Ryman Hospitality Properties Trading Down 1.6%

NYSE RHP opened at $136.65 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.29. The business has a fifty day simple moving average of $126.19 and a 200 day simple moving average of $115.30. Ryman Hospitality Properties has a 12 month low of $89.60 and a 12 month high of $139.73. The firm has a market capitalization of $9.43 billion, a P/E ratio of 15.00, a PEG ratio of 2.36 and a beta of 1.23.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.04). The firm had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $646.13 million. Ryman Hospitality Properties had a return on equity of 29.45% and a net margin of 9.88%. Ryman Hospitality Properties’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. On average, analysts predict that Ryman Hospitality Properties will post 9.26 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 115.94%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Ryman Hospitality Properties in the 2nd quarter valued at approximately $1,438,737,000. GW&K Investment Management LLC grew its position in shares of Ryman Hospitality Properties by 38.0% in the third quarter. GW&K Investment Management LLC now owns 849,953 shares of the real estate investment trust’s stock valued at $101,595,000 after purchasing an additional 234,167 shares in the last quarter. Reinhart Partners LLC. grew its position in shares of Ryman Hospitality Properties by 1.7% in the second quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock valued at $91,386,000 after purchasing an additional 11,766 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ryman Hospitality Properties by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock valued at $84,251,000 after purchasing an additional 18,614 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at $78,347,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc. is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment. The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.