Ryman Hospitality Properties (RHP) Given Daily Coverage Optimism Score of 0.18
News coverage about Ryman Hospitality Properties (NYSE:RHP) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ryman Hospitality Properties earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.8258191614016 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate Ryman Hospitality Properties, Inc. (REIT) (RHP) Will Post Quarterly Sales of $284.06 Million (americanbankingnews.com)
- Ryman Hospitality Properties, Inc. (REIT) (RHP) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Ryman Hospitality Properties, Inc. (REIT) (RHP) Expected to Post Earnings of $1.18 Per Share (americanbankingnews.com)
- Ryman Hospitality Properties Sees Unusually High Options Volume (RHP) (americanbankingnews.com)
- Ryman Hospitality Properties, Inc. (REIT) (RHP) Sees Significant Drop in Short Interest (americanbankingnews.com)
A number of research firms have recently issued reports on RHP. Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine upgraded Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Citigroup raised their price target on Ryman Hospitality Properties from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 1st. Bank of America raised their price target on Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Deutsche Bank raised their price target on Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $76.17.
Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company had revenue of $345.18 million for the quarter, compared to the consensus estimate of $335.37 million. Ryman Hospitality Properties had a return on equity of 49.82% and a net margin of 14.86%. Ryman Hospitality Properties’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 earnings per share. analysts expect that Ryman Hospitality Properties will post 5.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 4.45%. Ryman Hospitality Properties’s payout ratio is 93.57%.
In related news, EVP Bennett D. Westbrook sold 4,000 shares of Ryman Hospitality Properties stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.73, for a total transaction of $278,920.00. Following the transaction, the executive vice president now directly owns 14,744 shares in the company, valued at $1,028,099.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Colin V. Reed acquired 5,995 shares of the stock in a transaction dated Wednesday, January 17th. The stock was acquired at an average price of $75.81 per share, for a total transaction of $454,480.95. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by insiders.
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 Georges County, Maryland.
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