Ryman Hospitality Properties (NYSE:RHP) Rating Increased to Strong-Buy at Barclays

Barclays upgraded shares of Ryman Hospitality Properties (NYSE:RHP) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

RHP has been the subject of a number of other research reports. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective for the company. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore ISI dropped their target price on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average price target of $108.70.

Ryman Hospitality Properties Stock Down 2.3%

Shares of Ryman Hospitality Properties stock opened at $91.95 on Tuesday. Ryman Hospitality Properties has a 1 year low of $76.27 and a 1 year high of $108.42. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.54 and a beta of 1.22. The company has a 50-day moving average of $94.29 and a 200 day moving average of $95.37. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The business had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. During the same quarter in the prior year, the company earned $1.93 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,993 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $92.16 per share, with a total value of $828,794.88. Following the completion of the acquisition, the chairman directly owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. The trade was a 1.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Large investors have recently made changes to their positions in the company. First Community Trust NA increased its holdings in Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Norinchukin Bank The grew its holdings in Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 119 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Ryman Hospitality Properties by 11.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 130 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Ryman Hospitality Properties by 0.8% in the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock worth $1,609,000 after buying an additional 132 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.