ValuEngine cut shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Ryman Hospitality Properties from a neutral rating to an underweight rating and dropped their price target for the company from $80.00 to $77.00 in a research note on Tuesday, July 9th. Zacks Investment Research raised Ryman Hospitality Properties from a hold rating to a buy rating and set a $85.00 price target on the stock in a research note on Saturday, July 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $88.00.
Shares of RHP opened at $73.80 on Thursday. Ryman Hospitality Properties has a 52-week low of $64.36 and a 52-week high of $90.02. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day simple moving average of $78.28. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.99 and a beta of 1.17.
Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.85). Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The business had revenue of $370.80 million during the quarter, compared to analyst estimates of $363.63 million. During the same period last year, the firm posted $1.18 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 28.6% compared to the same quarter last year. As a group, equities research analysts expect that Ryman Hospitality Properties will post 6.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Thursday, June 27th. Ryman Hospitality Properties’s payout ratio is 61.43%.
In other news, EVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $83.05, for a total transaction of $269,912.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Ryman Hospitality Properties by 0.4% during the first quarter. BlackRock Inc. now owns 4,986,923 shares of the real estate investment trust’s stock worth $410,123,000 after purchasing an additional 21,985 shares during the period. Geode Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 771,843 shares of the real estate investment trust’s stock worth $51,474,000 after purchasing an additional 53,754 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of Ryman Hospitality Properties by 52.6% during the second quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock worth $47,821,000 after purchasing an additional 203,175 shares during the period. Rothschild & Co. Asset Management US Inc. raised its position in shares of Ryman Hospitality Properties by 2.4% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 577,064 shares of the real estate investment trust’s stock worth $46,794,000 after purchasing an additional 13,660 shares during the period. Finally, Bruni J V & Co. Co. raised its position in shares of Ryman Hospitality Properties by 0.5% during the first quarter. Bruni J V & Co. Co. now owns 523,386 shares of the real estate investment trust’s stock worth $43,043,000 after purchasing an additional 2,795 shares during the period. 86.89% of the stock is currently owned by institutional investors.
About Ryman Hospitality Properties
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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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