Ryman Hospitality Properties (NYSE:RHP) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Ryman Hospitality Properties (NYSE:RHP) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks reports.

Several other equities analysts have also recently issued reports on RHP. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Evercore lowered shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price objective for the company. in a report on Monday, October 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Finally, Citigroup lifted their price objective on Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.67.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $138.61 on Tuesday. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.35 and a beta of 1.23. The stock has a fifty day moving average of $125.91 and a 200 day moving average of $115.10. Ryman Hospitality Properties has a 52 week low of $89.60 and a 52 week high of $139.28. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.29.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.04). Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 29.45%. The company had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $646.13 million. During the same period in the previous year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts expect that Ryman Hospitality Properties will post 9.26 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.5%. Ryman Hospitality Properties’s dividend payout ratio is currently 115.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Ryman Hospitality Properties during the 2nd quarter valued at about $1,438,737,000. GW&K Investment Management LLC grew its holdings in Ryman Hospitality Properties by 38.0% in the third quarter. GW&K Investment Management LLC now owns 849,953 shares of the real estate investment trust’s stock worth $101,595,000 after purchasing an additional 234,167 shares during the period. Reinhart Partners LLC. increased its stake in shares of Ryman Hospitality Properties by 1.7% during the second quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock valued at $91,386,000 after purchasing an additional 11,766 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ryman Hospitality Properties by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock valued at $84,251,000 after purchasing an additional 18,614 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $78,347,000. 94.48% of the stock is currently owned by institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc. is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment. The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.