Ryman Hospitality Properties, Inc. (NYSE:RHP) Downgraded by BidaskClub to Strong Sell
BidaskClub lowered shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) from a sell rating to a strong sell rating in a research report released on Friday.
Several other analysts also recently weighed in on RHP. UBS AG downgraded shares of Ryman Hospitality Properties from an outperform rating to a market perform rating in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a buy rating to a hold rating in a research report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Ryman Hospitality Properties currently has an average rating of Hold and a consensus price target of $61.50.
Shares of Ryman Hospitality Properties (NYSE RHP) traded up 0.19% on Friday, reaching $62.71. 21,034 shares of the company were exchanged. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 19.41 and a beta of 1.16. The firm’s 50 day moving average price is $64.13 and its 200 day moving average price is $63.34. Ryman Hospitality Properties has a 52 week low of $47.31 and a 52 week high of $67.97.
Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.54. The company had revenue of $276.04 million for the quarter, compared to analysts’ expectations of $270.82 million. Ryman Hospitality Properties had a return on equity of 46.25% and a net margin of 14.23%. Equities research analysts anticipate that Ryman Hospitality Properties will post $3.07 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, June 19th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Thursday, June 15th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 99.07%.
In other news, EVP Bennett D. Westbrook sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total value of $668,600.00. Following the sale, the executive vice president now directly owns 18,744 shares of the company’s stock, valued at approximately $1,253,223.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Colin V. Reed sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the sale, the chief executive officer now directly owns 101,930 shares in the company, valued at $6,466,439.20. The disclosure for this sale can be found here. Insiders sold a total of 63,644 shares of company stock worth $4,085,008 over the last ninety days. Insiders own 3.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. James Investment Research Inc. acquired a new stake in Ryman Hospitality Properties during the first quarter valued at approximately $141,000. Creative Planning increased its stake in Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares during the period. Teacher Retirement System of Texas increased its stake in Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 89 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Ryman Hospitality Properties by 36.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,100 shares during the period. 89.14% of the stock is currently owned by institutional investors and hedge funds.
Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.
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