Ryman Hospitality Properties, Inc. (REIT) (RHP) Given Consensus Rating of “Hold” by Brokerages

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $72.33.

RHP has been the topic of a number of research reports. ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Deutsche Bank upped their target price on Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Bank of America raised Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research report on Monday, January 8th.

Shares of Ryman Hospitality Properties (RHP) traded up $0.21 during trading hours on Tuesday, hitting $68.28. The stock had a trading volume of 127,727 shares, compared to its average volume of 322,422. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. Ryman Hospitality Properties has a one year low of $57.78 and a one year high of $77.99. The firm has a market capitalization of $3,480.00, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.24.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 4.69%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 108.11%.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 4,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.73, for a total value of $278,920.00. Following the completion of the transaction, the executive vice president now owns 14,744 shares in the company, valued at approximately $1,028,099.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total value of $222,332.50. Following the completion of the transaction, the senior vice president now owns 4,147 shares of the company’s stock, valued at approximately $283,696.27. The disclosure for this sale can be found here. Insiders have sold 8,331 shares of company stock valued at $576,523 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in RHP. Goldman Sachs Group Inc. grew its stake in shares of Ryman Hospitality Properties by 3.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 181,748 shares of the real estate investment trust’s stock worth $11,634,000 after acquiring an additional 6,544 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ryman Hospitality Properties by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 672,774 shares of the real estate investment trust’s stock worth $42,041,000 after acquiring an additional 15,049 shares during the period. State Street Corp grew its stake in shares of Ryman Hospitality Properties by 2.7% during the 2nd quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock worth $105,251,000 after acquiring an additional 43,334 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Ryman Hospitality Properties by 28.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 176,376 shares of the real estate investment trust’s stock worth $11,021,000 after acquiring an additional 38,968 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Ryman Hospitality Properties by 385.9% during the 3rd quarter. SG Americas Securities LLC now owns 13,615 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 10,813 shares during the period. Hedge funds and other institutional investors own 86.79% of the company’s stock.

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Ryman Hospitality Properties Company Profile

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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