Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $124.20.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $111.18 on Friday. The stock has a 50 day simple moving average of $105.12 and a 200 day simple moving average of $104.24. Ryman Hospitality Properties has a 52-week low of $81.90 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $6.66 billion, a PE ratio of 23.02, a P/E/G ratio of 2.36 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.10 per share. The ex-dividend date was Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.96%. Ryman Hospitality Properties’s dividend payout ratio is 91.10%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Colin V. Reed bought 8,077 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties in the second quarter valued at approximately $32,000. Quest Partners LLC boosted its stake in shares of Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 338 shares during the period. Larson Financial Group LLC acquired a new stake in Ryman Hospitality Properties during the first quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its stake in Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares during the period. Institutional investors own 94.48% of the company’s stock.

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.