Ryman Hospitality Properties Inc (RHP) Receives Consensus Rating of “Buy” from Analysts

Ryman Hospitality Properties Inc (NYSE:RHP) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $91.50.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. ValuEngine upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Deutsche Bank boosted their target price on Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 11th. Finally, Raymond James upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th.

In other news, CEO Colin V. Reed bought 6,106 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $82.46 per share, for a total transaction of $503,500.76. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jennifer L. Hutcheson sold 1,892 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $82.39, for a total value of $155,881.88. Following the completion of the sale, the chief accounting officer now owns 5,818 shares in the company, valued at approximately $479,345.02. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $34,191,000. Duff & Phelps Investment Management Co. bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $16,893,000. Zimmer Partners LP bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $14,733,000. BlackRock Inc. raised its stake in shares of Ryman Hospitality Properties by 3.9% during the 4th quarter. BlackRock Inc. now owns 4,964,938 shares of the real estate investment trust’s stock worth $331,113,000 after purchasing an additional 188,483 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Ryman Hospitality Properties by 31.4% during the 4th quarter. Prudential Financial Inc. now owns 694,806 shares of the real estate investment trust’s stock worth $46,337,000 after purchasing an additional 166,021 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

NYSE RHP opened at $83.41 on Monday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.28 and a beta of 1.36. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 5.20. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $90.02.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.90 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.60 annualized dividend and a yield of 4.32%. Ryman Hospitality Properties’s payout ratio is presently 61.43%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

Further Reading: Market Capitalization and Individual Investors

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit