Ryman Hospitality Properties, Inc. (RHP) Rating Increased to Buy at BidaskClub
Ryman Hospitality Properties, Inc. (NYSE:RHP) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Bank of America Corporation lowered shares of Ryman Hospitality Properties from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Ryman Hospitality Properties currently has a consensus rating of “Hold” and a consensus price target of $61.33.
Ryman Hospitality Properties (RHP) traded down 0.09% during trading on Wednesday, hitting $65.66. 272,953 shares of the stock traded hands. Ryman Hospitality Properties has a 12 month low of $47.16 and a 12 month high of $67.97. The firm has a 50-day moving average price of $63.74 and a 200 day moving average price of $62.78. The firm has a market cap of $3.32 billion, a PE ratio of 20.33 and a beta of 1.14.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.54. Ryman Hospitality Properties had a net margin of 14.23% and a return on equity of 46.25%. The company had revenue of $276.04 million during the quarter, compared to analyst estimates of $270.82 million. On average, equities analysts forecast that Ryman Hospitality Properties will post $3.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Monday, June 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Thursday, June 15th. Ryman Hospitality Properties’s dividend payout ratio is currently 99.07%.
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Several institutional investors have recently bought and sold shares of RHP. Russell Investments Group Ltd. acquired a new position in Ryman Hospitality Properties during the fourth quarter valued at $6,278,000. State Street Corp increased its position in Ryman Hospitality Properties by 1.0% in the fourth quarter. State Street Corp now owns 946,056 shares of the real estate investment trust’s stock valued at $59,613,000 after buying an additional 9,776 shares in the last quarter. Private Advisor Group LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter valued at $251,000. Martingale Asset Management L P increased its position in Ryman Hospitality Properties by 6.8% in the fourth quarter. Martingale Asset Management L P now owns 69,009 shares of the real estate investment trust’s stock valued at $4,349,000 after buying an additional 4,394 shares in the last quarter. Finally, Keybank National Association OH increased its position in Ryman Hospitality Properties by 11.9% in the fourth quarter. Keybank National Association OH now owns 18,284 shares of the real estate investment trust’s stock valued at $1,152,000 after buying an additional 1,946 shares in the last quarter. 90.75% of the stock is currently owned by hedge funds and other institutional investors.
Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.
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