Ryman Hospitality Properties (NYSE:RHP) Given New $110.00 Price Target at Evercore ISI

Ryman Hospitality Properties (NYSE:RHP) had its price objective lowered by Evercore ISI from $120.00 to $110.00 in a research report report published on Thursday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on RHP. Morgan Stanley initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target on the stock. Bank of America raised their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company upgraded Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.40.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $85.87 on Thursday. The business’s fifty day simple moving average is $93.49 and its two-hundred day simple moving average is $95.22. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.60 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $659.52 million for the quarter, compared to analysts’ expectations of $616.56 million. During the same quarter last year, the company posted $2.78 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Research analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.15 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.60 annualized dividend and a yield of 5.4%. Ryman Hospitality Properties’s payout ratio is 109.79%.

Insiders Place Their Bets

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $190,660. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. AlphaQuest LLC lifted its position in shares of Ryman Hospitality Properties by 492.9% in the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 276 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Ryman Hospitality Properties by 140.3% in the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 282 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Ryman Hospitality Properties in the third quarter valued at about $50,000. Finally, First Community Trust NA lifted its position in shares of Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 100 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

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.