Shares of Ryman Hospitality Properties (NYSE:RHP) have received an average rating of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $80.00.
Several brokerages have commented on RHP. Citigroup upgraded shares of Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday. Bank of America upped their price objective on shares of Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Deutsche Bank upped their price objective on shares of Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Wells Fargo 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 report on Tuesday, December 19th. Finally, SunTrust Banks upped their price objective on shares of Ryman Hospitality Properties to $70.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. They noted that the move was a valuation call.
In related news, CEO Colin V. Reed acquired 5,995 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was acquired at an average cost of $75.81 per share, for a total transaction of $454,480.95. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in RHP. Goldman Sachs Group Inc. grew its position in shares of Ryman Hospitality Properties by 124.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 338,362 shares of the real estate investment trust’s stock worth $23,354,000 after buying an additional 187,418 shares during the period. Renaissance Technologies LLC grew its position in Ryman Hospitality Properties by 237.0% during the 4th quarter. Renaissance Technologies LLC now owns 172,200 shares of the real estate investment trust’s stock valued at $11,885,000 after purchasing an additional 121,100 shares during the last quarter. Green Square Capital LLC purchased a new stake in Ryman Hospitality Properties during the 3rd quarter valued at about $5,993,000. Thrivent Financial For Lutherans grew its position in Ryman Hospitality Properties by 862.7% during the 4th quarter. Thrivent Financial For Lutherans now owns 90,490 shares of the real estate investment trust’s stock valued at $6,246,000 after purchasing an additional 81,090 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Ryman Hospitality Properties by 74.0% during the 4th quarter. Deutsche Bank AG now owns 127,014 shares of the real estate investment trust’s stock valued at $8,765,000 after purchasing an additional 53,997 shares during the last quarter. 87.13% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:RHP traded up $0.29 during midday trading on Wednesday, reaching $76.44. 35,671 shares of the stock traded hands, compared to its average volume of 329,742. Ryman Hospitality Properties has a 12 month low of $57.78 and a 12 month high of $78.91. The firm has a market capitalization of $3,899.01, a P/E ratio of 13.72, a P/E/G ratio of 1.63 and a beta of 1.16.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The company had revenue of $345.18 million during the quarter, compared to analyst estimates of $335.37 million. During the same period in the prior year, the business posted $1.51 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. research analysts predict that Ryman Hospitality Properties will post 5.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 4.45%. Ryman Hospitality Properties’s dividend payout ratio is 61.15%.
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Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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