Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Has Average Target Price of $135.25

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $135.25.

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Barclays lowered their price target on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Citigroup raised their price objective on Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Truist Financial boosted their price objective on Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, Weiss Ratings raised Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its position in shares of Ryman Hospitality Properties by 3.9% during the third quarter. Bessemer Group Inc. now owns 276,276 shares of the real estate investment trust’s stock worth $33,023,000 after buying an additional 10,342 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Ryman Hospitality Properties by 13.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,194 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 138 shares in the last quarter. Diversified Trust Co lifted its position in Ryman Hospitality Properties by 4.2% in the 3rd quarter. Diversified Trust Co now owns 22,302 shares of the real estate investment trust’s stock worth $2,666,000 after buying an additional 890 shares in the last quarter. Aberdeen Group plc increased its position in Ryman Hospitality Properties by 1,521.5% during the third quarter. Aberdeen Group plc now owns 407,398 shares of the real estate investment trust’s stock worth $48,696,000 after buying an additional 382,274 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Ryman Hospitality Properties by 3.5% in the third quarter. Allworth Financial LP now owns 6,936 shares of the real estate investment trust’s stock valued at $892,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $135.41 on Friday. The firm has a market capitalization of $9.34 billion, a PE ratio of 14.73, a P/E/G ratio of 2.02 and a beta of 1.23. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.15 and a quick ratio of 1.34. The business has a 50-day moving average of $125.36 and a two-hundred day moving average of $114.67. Ryman Hospitality Properties has a 12 month low of $89.60 and a 12 month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $1.62 by ($1.04). The business had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $646.13 million. Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 29.45%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 EPS. As a group, research analysts forecast that Ryman Hospitality Properties will post 9.31 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 annualized dividend and a yield of 3.5%. Ryman Hospitality Properties’s payout ratio is 115.94%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment.

The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.