Bank of America upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from an underperform rating to a buy rating in a report issued on Monday, January 8th, Marketbeat reports.
A number of other research firms have also recently issued reports on RHP. Wells Fargo & Co upgraded shares of Ryman Hospitality Properties from a market perform rating to an outperform rating and set a $76.00 price objective for the company in a research report on Tuesday, December 19th. ValuEngine upgraded shares of Ryman Hospitality Properties from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Ryman Hospitality Properties from a sell rating to a hold rating in a research note on Friday, November 10th. Finally, SunTrust Banks reissued a hold rating and set a $60.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Ryman Hospitality Properties presently has a consensus rating of Hold and an average target price of $67.80.
Ryman Hospitality Properties (NYSE:RHP) opened at $75.54 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46. The company has a market cap of $3,870.00, a PE ratio of 25.52, a P/E/G ratio of 1.72 and a beta of 1.17. Ryman Hospitality Properties has a 52 week low of $57.78 and a 52 week high of $76.51.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data 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 net margin of 13.10% and a return on equity of 43.45%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. equities analysts forecast that Ryman Hospitality Properties will post 5.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 108.11%.
In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 20,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $65.98 per share, with a total value of $1,319,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total transaction of $222,332.50. Following the transaction, the senior vice president now directly owns 4,147 shares in the company, valued at $283,696.27. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 35,995 shares of company stock worth $2,435,581 and sold 8,331 shares worth $576,523. 3.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at about $239,000. Advisor Group Inc. lifted its position in shares of Ryman Hospitality Properties by 59.0% during the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 646 shares in the last quarter. Cable Hill Partners LLC bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at about $109,000. Quantbot Technologies LP bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at about $161,000. Finally, Profund Advisors LLC lifted its position in shares of Ryman Hospitality Properties by 5.2% during the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 178 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors.
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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 Georges County, Maryland.
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