Ryman Hospitality Properties (NYSE:RHP) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties (NYSE:RHP) in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $130.00 price target on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company decreased 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. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.17.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $1.44 during trading hours on Wednesday, reaching $111.60. The stock had a trading volume of 96,223 shares, compared to its average volume of 454,106. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50-day simple moving average of $107.09 and a 200-day simple moving average of $103.88. The firm has a market capitalization of $6.68 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.08 and a beta of 1.65. Ryman Hospitality Properties has a twelve month low of $90.80 and a twelve month high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.88%. Ryman Hospitality Properties’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 EPS. As a group, equities analysts forecast that Ryman Hospitality Properties will post 8.38 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.12%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 78.15%.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction 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 $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Ryman Hospitality Properties by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,255 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 451 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in shares of Ryman Hospitality Properties in the first quarter valued at $207,000. Private Advisor Group LLC boosted its position in shares of Ryman Hospitality Properties by 4.2% in the first quarter. Private Advisor Group LLC now owns 12,365 shares of the real estate investment trust’s stock worth $1,430,000 after buying an additional 499 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Ryman Hospitality Properties by 28.9% in the first quarter. BNP Paribas Financial Markets now owns 69,637 shares of the real estate investment trust’s stock worth $8,051,000 after buying an additional 15,601 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Ryman Hospitality Properties during the first quarter valued at $215,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

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.