Analysts Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $108.70

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $110.2727.

RHP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a research report on Tuesday. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday. Evercore ISI lowered their target price on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. Finally, Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price on the stock.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,993 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $92.16 per share, with a total value of $828,794.88. Following the transaction, the chairman owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds have recently bought and sold shares of RHP. Norges Bank purchased a new position in Ryman Hospitality Properties in the second quarter valued at about $56,123,000. Invesco Ltd. lifted its position in Ryman Hospitality Properties by 184.9% during the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock valued at $66,261,000 after acquiring an additional 479,990 shares during the last quarter. GRS Advisors LLC acquired a new stake in Ryman Hospitality Properties in the second quarter valued at approximately $39,171,000. Balyasny Asset Management L.P. purchased a new position in Ryman Hospitality Properties in the third quarter worth $30,975,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Ryman Hospitality Properties by 34.9% during the second quarter. Daiwa Securities Group Inc. now owns 899,139 shares of the real estate investment trust’s stock worth $88,718,000 after purchasing an additional 232,632 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 0.1%

NYSE RHP traded up $0.09 during trading hours on Friday, hitting $94.79. 376,110 shares of the company were exchanged, compared to its average volume of 380,551. The stock has a market cap of $5.97 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $108.42. The stock has a 50-day moving average price of $94.92 and a 200 day moving average price of $95.09. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The firm had revenue of $592.46 million for the quarter, compared to the consensus estimate of $573.40 million. During the same quarter in the previous year, the company posted $1.93 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $1.20 dividend. The ex-dividend date was Wednesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

About Ryman Hospitality Properties

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.