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.
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
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