Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $136.00

Ryman Hospitality Properties (NYSE:RHP) had its target price raised by Truist Financial from $130.00 to $136.00 in a report published on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

RHP has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company cut their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.17.

Ryman Hospitality Properties Stock Up 1.5 %

RHP stock opened at $113.77 on Monday. The stock has a market capitalization of $6.81 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.65. The company has a fifty day moving average of $109.37 and a 200-day moving average of $104.30. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties has a one year low of $93.76 and a one year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same quarter in the previous year, the firm posted $1.73 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts expect that Ryman Hospitality Properties will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.04%. Ryman Hospitality Properties’s payout ratio is 78.15%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp grew its stake in shares of Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 219 shares during the period. Quarry LP acquired a new stake in Ryman Hospitality Properties during the third quarter worth about $28,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth about $32,000. Quest Partners LLC lifted its stake in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. 94.48% of the stock is 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.