Wells Fargo & Co upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, December 19th, Marketbeat.com reports. The firm currently has $76.00 target price on the real estate investment trust’s stock.
A number of other equities analysts also recently issued reports on RHP. Zacks Investment Research raised Ryman Hospitality Properties from a hold rating to a buy rating and set a $73.00 price target for the company in a report on Tuesday, October 17th. 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Ryman Hospitality Properties currently has an average rating of Hold and a consensus target price of $67.80.
Ryman Hospitality Properties (NYSE RHP) traded up $1.54 during mid-day trading on Tuesday, hitting $73.80. 266,970 shares of the company were exchanged, compared to its average volume of 289,309. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $3,700.00, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. Ryman Hospitality Properties has a 12-month low of $57.78 and a 12-month high of $73.81.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.38. The firm had revenue of $264.70 million during the quarter, compared to the consensus estimate of $268.97 million. Ryman Hospitality Properties had a return on equity of 43.45% and a net margin of 13.10%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. sell-side analysts forecast that Ryman Hospitality Properties will post 5.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, December 28th. Ryman Hospitality Properties’s payout ratio is currently 108.11%.
In other news, SVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction that occurred on 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 $283,696.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Colin V. Reed purchased 20,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $65.98 per share, with a total value of $1,319,600.00. The disclosure for this purchase can be found here. Insiders have sold 8,331 shares of company stock valued at $576,523 in the last 90 days. Company insiders own 3.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in RHP. Aperio Group LLC raised its position in Ryman Hospitality Properties by 18.1% in the second quarter. Aperio Group LLC now owns 10,735 shares of the real estate investment trust’s stock worth $687,000 after acquiring an additional 1,645 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Ryman Hospitality Properties by 9.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock worth $38,669,000 after acquiring an additional 50,829 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Ryman Hospitality Properties by 77.4% in the second quarter. Dupont Capital Management Corp now owns 6,094 shares of the real estate investment trust’s stock valued at $390,000 after buying an additional 2,659 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Ryman Hospitality Properties by 8.9% in the second quarter. BNP Paribas Arbitrage SA now owns 19,489 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 1,593 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Ryman Hospitality Properties by 0.4% in the second quarter. Blair William & Co. IL now owns 16,205 shares of the real estate investment trust’s stock valued at $1,037,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 87.30% 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 Georges County, Maryland.
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