Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Rating of “Moderate Buy” from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $114.6667.

Several brokerages recently commented on RHP. 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 price target for the company. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target for the company. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Finally, Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $88.55 on Friday. The firm has a 50 day simple moving average of $95.65 and a 200-day simple moving average of $95.24. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $5.58 billion, a PE ratio of 21.13, a P/E/G ratio of 1.62 and a beta of 1.57. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.2%. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $190,660. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several large investors have recently made changes to their positions in RHP. Nuveen LLC acquired a new stake in shares of Ryman Hospitality Properties in the first quarter worth $67,901,000. Vanguard Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 7.3% in the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock valued at $813,748,000 after purchasing an additional 603,936 shares during the period. Norges Bank purchased a new position in shares of Ryman Hospitality Properties in the second quarter valued at $56,123,000. GRS Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the second quarter valued at $39,171,000. Finally, Hamlin Capital Management LLC boosted its stake in shares of Ryman Hospitality Properties by 42.2% in the first quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock valued at $81,195,000 after purchasing an additional 263,630 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.