Analysts Set Ryman Hospitality Properties Inc. (NYSE:RHP) Target Price at $45.60
Ryman Hospitality Properties Inc. (NYSE:RHP) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $45.60.
RHP has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $62.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 27th. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Bank of America Corp. reiterated a “hold” rating on shares of Ryman Hospitality Properties in a report on Monday, July 18th. SunTrust Banks Inc. reiterated a “neutral” rating on shares of Ryman Hospitality Properties in a report on Sunday, July 24th. Finally, Citigroup Inc. lifted their price target on shares of Ryman Hospitality Properties from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th.
In related news, EVP Bennett D. Westbrook sold 6,483 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $55.34, for a total transaction of $358,769.22. Following the sale, the executive vice president now directly owns 27,365 shares of the company’s stock, valued at approximately $1,514,379.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Colin V. Reed acquired 7,377 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were purchased at an average cost of $53.44 per share, for a total transaction of $394,226.88. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in RHP. Aperio Group LLC increased its stake in shares of Ryman Hospitality Properties by 20.5% in the first quarter. Aperio Group LLC now owns 7,617 shares of the company’s stock valued at $392,000 after buying an additional 1,296 shares during the period. Virginia Retirement System purchased a new stake in shares of Ryman Hospitality Properties during the first quarter valued at approximately $582,000. Ngam Advisors L.P. increased its stake in shares of Ryman Hospitality Properties by 89.2% in the first quarter. Ngam Advisors L.P. now owns 65,548 shares of the company’s stock valued at $3,374,000 after buying an additional 30,900 shares during the period. Prudential Financial Inc. increased its stake in shares of Ryman Hospitality Properties by 90.3% in the first quarter. Prudential Financial Inc. now owns 366,799 shares of the company’s stock valued at $18,883,000 after buying an additional 174,010 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Ryman Hospitality Properties by 12.0% in the first quarter. BlackRock Inc. now owns 50,758 shares of the company’s stock valued at $2,612,000 after buying an additional 5,432 shares during the period. 89.02% of the stock is currently owned by institutional investors.
Ryman Hospitality Properties (NYSE:RHP) opened at 47.70 on Friday. Ryman Hospitality Properties has a 12 month low of $41.50 and a 12 month high of $61.02. The stock has a market cap of $2.41 billion, a PE ratio of 17.16 and a beta of 0.99. The company’s 50 day moving average price is $51.14 and its 200 day moving average price is $51.74.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.64. The business had revenue of $293.20 million for the quarter, compared to analysts’ expectations of $291.26 million. Ryman Hospitality Properties had a net margin of 12.76% and a return on equity of 39.46%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. Equities analysts forecast that Ryman Hospitality Properties will post $2.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 6.29%. The ex-dividend date is Wednesday, September 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 107.91%.
About Ryman Hospitality Properties
Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.
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