Ryman Hospitality Properties Inc. (NYSE:RHP) Receives Consensus Recommendation of “Hold” from Analysts
Ryman Hospitality Properties Inc. (NYSE:RHP) has received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.60.
A number of research firms have commented on RHP. Citigroup Inc. raised their target price on shares of Ryman Hospitality Properties from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Deutsche Bank AG set a $61.00 target price on shares of Ryman Hospitality Properties and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. SunTrust Banks Inc. restated a “neutral” rating on shares of Ryman Hospitality Properties in a research note on Sunday, July 24th. Finally, Bank of America Corp. restated a “hold” rating on shares of Ryman Hospitality Properties in a research note on Monday, July 18th.
Shares of Ryman Hospitality Properties (NYSE:RHP) traded down 0.56% during midday trading on Friday, hitting $47.70. 95,341 shares of the stock were exchanged. The firm has a market cap of $2.41 billion, a PE ratio of 17.16 and a beta of 0.99. Ryman Hospitality Properties has a 52-week low of $41.50 and a 52-week high of $61.02. The firm’s 50-day moving average is $51.32 and its 200 day moving average is $51.77.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/ryman-hospitality-properties-inc-nyserhp-receives-consensus-recommendation-of-hold-from-analysts.html
Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 2nd. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.64. Ryman Hospitality Properties had a net margin of 12.76% and a return on equity of 39.46%. The company had revenue of $293.20 million for the quarter, compared to analysts’ expectations of $291.26 million. During the same quarter last year, the business earned $1.45 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that Ryman Hospitality Properties will post $2.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Wednesday, September 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 107.91%.
In related news, CEO Colin V. Reed purchased 7,377 shares of Ryman Hospitality Properties stock in a transaction on Friday, July 15th. The shares were bought at an average price of $53.44 per share, with a total value of $394,226.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Bennett D. Westbrook sold 6,483 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $55.34, for a total value of $358,769.22. Following the completion of the sale, the executive vice president now directly owns 27,365 shares in the company, valued at approximately $1,514,379.10. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Ryman Hospitality Properties by 4.7% in the second quarter. Vanguard Group Inc. now owns 7,749,738 shares of the company’s stock worth $392,525,000 after buying an additional 349,844 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Ryman Hospitality Properties during the second quarter worth about $10,517,000. WS Management Lllp raised its stake in Ryman Hospitality Properties by 19.1% in the second quarter. WS Management Lllp now owns 1,198,600 shares of the company’s stock worth $60,709,000 after buying an additional 192,400 shares in the last quarter. Prudential Financial Inc. raised its stake in Ryman Hospitality Properties by 90.3% in the first quarter. Prudential Financial Inc. now owns 366,799 shares of the company’s stock worth $18,883,000 after buying an additional 174,010 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Ryman Hospitality Properties by 475.6% in the second quarter. Systematic Financial Management LP now owns 197,076 shares of the company’s stock worth $9,981,000 after buying an additional 162,836 shares in the last quarter. 89.02% of the stock is currently owned by institutional investors.
About Ryman Hospitality Properties
Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.
Receive News & Ratings for Ryman Hospitality Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.