Ryman Hospitality Properties, Inc. (REIT) (RHP) Receives Consensus Recommendation of “Hold” from Brokerages

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $68.67.

Several equities research analysts recently weighed in on the company. Wells Fargo & Co raised Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Tuesday, December 19th. Zacks Investment Research lowered Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Bank of America raised Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a report on Monday, January 8th. SunTrust Banks reissued a “hold” rating and issued a $60.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, November 10th. Finally, ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st.

Shares of Ryman Hospitality Properties (NYSE:RHP) traded down $0.68 during trading on Friday, hitting $75.54. The stock had a trading volume of 345,300 shares, compared to its average volume of 291,483. Ryman Hospitality Properties has a 1 year low of $57.78 and a 1 year high of $76.51. The stock has a market cap of $3,870.00, a price-to-earnings ratio of 25.52, a PEG ratio of 1.72 and a beta of 1.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.46.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.38. Ryman Hospitality Properties had a return on equity of 43.45% and a net margin of 13.10%. The company had revenue of $264.70 million during the quarter, compared to analyst estimates of $268.97 million. During the same quarter last year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. equities analysts forecast that Ryman Hospitality Properties will post 5.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, December 28th. Ryman Hospitality Properties’s payout ratio is presently 108.11%.

In other news, SVP Scott J. Lynn sold 3,250 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $68.41, for a total transaction of $222,332.50. Following the completion of the sale, the senior vice president now owns 4,147 shares in the company, valued at approximately $283,696.27. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Colin V. Reed purchased 5,995 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were acquired at an average price of $75.81 per share, with a total value of $454,480.95. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 35,995 shares of company stock valued at $2,435,581 and have sold 8,331 shares valued at $576,523. 3.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at about $239,000. The Manufacturers Life Insurance Company boosted its position in shares of Ryman Hospitality Properties by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,688 shares of the real estate investment trust’s stock valued at $2,156,000 after acquiring an additional 127 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Ryman Hospitality Properties by 3.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,883 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 130 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Ryman Hospitality Properties by 2.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,412 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 145 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Ryman Hospitality Properties by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,120 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

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About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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