Ryman Hospitality Properties (NYSE:RHP) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Ryman Hospitality Properties, Inc. (NYSE:RHP) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $95.50 and traded as high as $98.85. Ryman Hospitality Properties shares last traded at $97.5180, with a volume of 566,245 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on RHP. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Morgan Stanley started coverage on Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target on the stock. Cantor Fitzgerald initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective on the stock. Finally, Truist Financial upped their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.56.

Ryman Hospitality Properties Stock Performance

The business’s fifty day moving average is $91.75 and its two-hundred day moving average is $95.50. The stock has a market capitalization of $6.14 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.22. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. As a group, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.9%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 121.69%.

Insider Activity

In related news, Chairman Colin V. Reed bought 8,993 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the acquisition, the chairman owned 888,010 shares in the company, valued at $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by insiders.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd purchased a new position in Ryman Hospitality Properties during the third quarter worth $250,000. CIBC Private Wealth Group LLC boosted its stake in shares of Ryman Hospitality Properties by 15.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 16,055 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 2,152 shares during the period. CIBC Bancorp USA Inc. bought a new position in Ryman Hospitality Properties during the 3rd quarter valued at about $590,000. Danske Bank A S bought a new position in Ryman Hospitality Properties during the 3rd quarter valued at about $659,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the period. 94.48% of the stock is currently owned by institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.