Ryman Hospitality Properties (NYSE:RHP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other brokerages also recently weighed in on RHP. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. Morgan Stanley initiated coverage on Ryman Hospitality Properties in a report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 target price for the company. Bank of America increased their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Finally, Evercore ISI dropped their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.40.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded up $2.20 on Friday, hitting $93.78. 786,435 shares of the stock traded hands, compared to its average volume of 759,404. The company’s fifty day moving average is $92.56 and its 200 day moving average is $95.51. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a market capitalization of $5.91 billion, a PE ratio of 22.38, a PEG ratio of 1.60 and a beta of 1.60. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. On average, equities research analysts predict that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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 $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 121.69%.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently added to or reduced their stakes in RHP. Nuveen LLC acquired a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at $67,901,000. Vanguard Group Inc. boosted its stake in Ryman Hospitality Properties by 7.3% during 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 buying an additional 603,936 shares in the last quarter. Norges Bank acquired a new position in Ryman Hospitality Properties during the second quarter worth about $56,123,000. GRS Advisors LLC bought a new stake in Ryman Hospitality Properties in the second quarter worth about $39,171,000. Finally, Hamlin Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 42.2% in the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock valued at $81,195,000 after acquiring an additional 263,630 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.