According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Thursday, August 1st. SunTrust Banks dropped their price target on Ryman Hospitality Properties from $81.00 to $78.00 and set a hold rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on Ryman Hospitality Properties from $77.00 to $76.00 and set an underweight rating on the stock in a research note on Friday, September 6th. Finally, Deutsche Bank reissued a buy rating and issued a $99.00 price target on shares of Ryman Hospitality Properties in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Ryman Hospitality Properties has a consensus rating of Hold and a consensus price target of $86.60.
RHP traded up $0.60 during trading on Thursday, reaching $82.81. The company had a trading volume of 11,513 shares, compared to its average volume of 238,736. The firm’s 50-day simple moving average is $81.32 and its 200 day simple moving average is $80.63. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.93 and a beta of 1.13. Ryman Hospitality Properties has a 12-month low of $64.36 and a 12-month high of $87.91. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.29 and a current ratio of 1.29.
Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.93). The company had revenue of $407.70 million during the quarter, compared to analysts’ expectations of $399.41 million. Ryman Hospitality Properties had a return on equity of 63.53% and a net margin of 18.20%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. On average, sell-side analysts expect that Ryman Hospitality Properties will post 6.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.90 per share. The ex-dividend date was Friday, September 27th. This represents a $3.60 annualized dividend and a yield of 4.35%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 61.43%.
In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 13,585 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $79.30 per share, with a total value of $1,077,290.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Ryman Hospitality Properties by 15.9% during the 2nd quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock valued at $468,740,000 after acquiring an additional 793,598 shares in the last quarter. Prudential Financial Inc. grew its stake in Ryman Hospitality Properties by 5.2% during the 2nd quarter. Prudential Financial Inc. now owns 903,405 shares of the real estate investment trust’s stock valued at $73,257,000 after acquiring an additional 44,528 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 805,658 shares of the real estate investment trust’s stock valued at $65,331,000 after buying an additional 17,988 shares in the last quarter. Northern Trust Corp grew its stake in shares of Ryman Hospitality Properties by 1.7% in the 2nd quarter. Northern Trust Corp now owns 782,505 shares of the real estate investment trust’s stock valued at $63,454,000 after buying an additional 12,867 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Ryman Hospitality Properties by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 728,825 shares of the real estate investment trust’s stock valued at $59,099,000 after buying an additional 3,602 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.
Ryman Hospitality Properties Company Profile
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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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