Bank of America upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from an underperform rating to a buy rating in a report published on Monday, January 8th, MarketBeat reports.
Several other brokerages have also recently weighed in on RHP. ValuEngine raised shares of Ryman Hospitality Properties from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Ryman Hospitality Properties from a sell rating to a hold rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a hold rating and issued a $60.00 target price on shares of Ryman Hospitality Properties in a report on Friday, November 10th. Finally, Wells Fargo & Co upgraded shares of Ryman Hospitality Properties from a market perform rating to an outperform rating and set a $76.00 price target on the stock in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Ryman Hospitality Properties currently has a consensus rating of Hold and an average target price of $67.80.
Shares of Ryman Hospitality Properties (NYSE RHP) traded down $2.45 during trading hours on Monday, reaching $73.25. 381,638 shares of the company traded hands, compared to its average volume of 259,190. The firm has a market capitalization of $3,880.00, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Ryman Hospitality Properties has a 52-week low of $57.78 and a 52-week high of $77.99. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.46.
Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.38. The firm had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. research analysts predict that Ryman Hospitality Properties will post 5.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, December 28th. 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 firm’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 sale, the executive vice president now owns 14,744 shares of the company’s stock, valued at $1,028,099.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Colin V. Reed bought 5,995 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, January 17th. The stock was acquired at an average cost of $75.81 per share, with a total value of $454,480.95. The disclosure for this purchase can be found here. In the last three months, insiders acquired 35,995 shares of company stock valued at $2,435,581 and sold 8,331 shares valued at $576,523. 3.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in RHP. IHT Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth about $239,000. Advisor Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 59.0% during the 2nd quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 646 shares during the period. Cable Hill Partners LLC purchased a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth about $109,000. Quantbot Technologies LP purchased a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth about $161,000. Finally, Profund Advisors LLC lifted its position in Ryman Hospitality Properties by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 178 shares in the last quarter. 87.40% of the stock is owned by institutional investors and hedge funds.
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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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