Bank of America upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from an underperform rating to a buy rating in a research report report published on Monday morning, MarketBeat reports.

A number of other brokerages have also weighed in on RHP. Wells Fargo & Co upgraded shares of Ryman Hospitality Properties from a market perform rating to an outperform rating and set a $76.00 target price for the company in a research report on Tuesday, December 19th. ValuEngine upgraded shares of Ryman Hospitality Properties from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a sell rating to a hold rating in a research report on Friday, November 10th. Finally, SunTrust Banks reissued a hold rating and issued a $60.00 price target on shares of Ryman Hospitality Properties in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $67.80.

Shares of Ryman Hospitality Properties (NYSE RHP) traded down $1.62 during trading hours on Monday, reaching $71.44. 328,893 shares of the company’s stock were exchanged, compared to its average volume of 300,400. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $3,740.00, a price-to-earnings ratio of 24.14, a PEG ratio of 1.87 and a beta of 1.17. Ryman Hospitality Properties has a 12-month low of $57.78 and a 12-month high of $73.17.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.38. The firm had revenue of $264.70 million during the quarter, compared to analyst estimates of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share. sell-side analysts expect that Ryman Hospitality Properties will post 5.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, December 28th. Ryman Hospitality Properties’s payout ratio is 108.11%.

In related news, SVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total value of $222,332.50. Following the sale, the senior vice president now directly owns 4,147 shares of the company’s stock, valued at $283,696.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bennett D. Westbrook sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.73, for a total transaction of $278,920.00. Following the completion of the sale, the executive vice president now directly owns 14,744 shares in the company, valued at $1,028,099.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,331 shares of company stock worth $576,523. Insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RHP. Schwab Charles Investment Management Inc. raised its stake in Ryman Hospitality Properties by 9.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock valued at $38,669,000 after purchasing an additional 50,829 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Ryman Hospitality Properties by 7.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 30,639 shares of the real estate investment trust’s stock valued at $1,961,000 after purchasing an additional 2,166 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Ryman Hospitality Properties by 14.0% in the second quarter. Neuberger Berman Group LLC now owns 158,114 shares of the real estate investment trust’s stock valued at $10,121,000 after purchasing an additional 19,474 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ryman Hospitality Properties by 4.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,774 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 164 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Ryman Hospitality Properties by 53.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,844 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 2,729 shares in the last quarter. 87.30% of the stock is currently owned by institutional investors and hedge funds.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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