Ryman Hospitality Properties (NYSE:RHP) Reaches New 1-Year Low on Analyst Downgrade

by · The Cerbat Gem

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) hit a new 52-week low during mid-day trading on Friday after Truist Financial lowered their price target on the stock from $133.00 to $127.00. Truist Financial currently has a buy rating on the stock. Ryman Hospitality Properties traded as low as $92.04 and last traded at $93.11, with a volume of 199165 shares trading hands. The stock had previously closed at $95.59.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective on the stock. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.67.

Get Our Latest Report on Ryman Hospitality Properties

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock valued at $57,141,000 after purchasing an additional 255,229 shares during the period. Citigroup Inc. boosted its holdings in Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after purchasing an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $741,000. Van ECK Associates Corp boosted its holdings in Ryman Hospitality Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock valued at $1,159,000 after purchasing an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Ryman Hospitality Properties in the 3rd quarter valued at about $488,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

The stock’s fifty day moving average price is $101.01 and its two-hundred day moving average price is $106.34. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $5.59 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. As a group, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Ryman Hospitality Properties Company Profile

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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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