Brokerages Set Ryman Hospitality Properties, Inc. (RHP) Target Price at $58.00

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $59.00.

RHP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Thursday, May 4th. BidaskClub upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. Finally, UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th.

Shares of Ryman Hospitality Properties (NYSE:RHP) traded up 0.98% during trading on Monday, hitting $62.70. 113,852 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $64.25 and its 200 day moving average is $63.28. Ryman Hospitality Properties has a 1-year low of $47.31 and a 1-year high of $67.97. The firm has a market capitalization of $3.17 billion, a PE ratio of 19.41 and a beta of 1.16.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.54. Ryman Hospitality Properties had a net margin of 14.23% and a return on equity of 46.25%. The firm had revenue of $276.04 million for the quarter, compared to analyst estimates of $270.82 million. On average, equities research analysts forecast that Ryman Hospitality Properties will post $3.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were paid a $0.80 dividend. The ex-dividend date was Thursday, June 15th. This represents a $3.20 annualized dividend and a yield of 5.10%. Ryman Hospitality Properties’s dividend payout ratio is presently 99.07%.

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In other news, SVP Jennifer L. Hutcheson sold 3,644 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total transaction of $242,508.20. Following the transaction, the senior vice president now owns 8,845 shares in the company, valued at approximately $588,634.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Colin V. Reed sold 30,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the transaction, the chief executive officer now owns 101,930 shares in the company, valued at approximately $6,466,439.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,644 shares of company stock worth $4,085,008. Company insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Ryman Hospitality Properties by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,140 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 27 shares during the period. James Investment Research Inc. acquired a new position in shares of Ryman Hospitality Properties during the first quarter valued at approximately $141,000. Creative Planning raised its position in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 89 shares during the period. Institutional investors own 88.87% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

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