Ryman Hospitality Properties (RHP) Receiving Somewhat Positive News Coverage, Report Finds
News articles about Ryman Hospitality Properties (NYSE:RHP) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ryman Hospitality Properties earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.2791760190947 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages have issued reports on RHP. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BidaskClub downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 price target (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. UBS Group AG (USA) downgraded shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.00.
Shares of Ryman Hospitality Properties (RHP) opened at $65.75 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.41 and a beta of 1.18.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The firm had revenue of $298.80 million for the quarter, compared to the consensus estimate of $296.01 million. During the same quarter in the previous year, the business earned $1.59 EPS. The company’s revenue was up .9% compared to the same quarter last year. equities analysts forecast that Ryman Hospitality Properties will post 5.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.80 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.20 annualized dividend and a yield of 4.87%. Ryman Hospitality Properties’s payout ratio is 101.59%.
In related news, CEO Colin V. Reed sold 19,280 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total value of $1,220,424.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by corporate insiders.
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About Ryman Hospitality Properties
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 Georges County, Maryland.
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