Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Has Consensus Target Price of $132.75 According to Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $132.42.

RHP has been the topic of a number of research reports. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Barclays cut their price objective on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday. Raymond James Financial raised their target price on Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. Finally, Zacks Research upgraded Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research note on Monday.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors have recently modified their holdings of RHP. International Assets Investment Management LLC raised its holdings in Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Ryman Hospitality Properties in the 2nd quarter valued at about $43,000. Trust Co. of Vermont acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $51,000. Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 34.2% during the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 219 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 146 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP stock opened at $125.42 on Tuesday. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.22. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $137.46. The stock’s fifty day simple moving average is $123.40 and its 200-day simple moving average is $118.49.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the business posted $2.35 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts expect that Ryman Hospitality Properties will post 9.23 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 annualized dividend and a yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio is presently 117.36%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.