Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $138.00

by · The Markets Daily

Ryman Hospitality Properties (NYSE:RHP – Free Report) had its price target lifted by JPMorgan Chase & Co. from $129.00 to $138.00 in a report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on RHP. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Barclays decreased their price objective on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Raymond James Financial lifted their target price on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Citigroup lifted their target price on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties has an average rating of “Buy” and an average target price of $133.17.

Check Out Our Latest Analysis on RHP

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $130.67 on Wednesday. The stock’s 50 day moving average is $124.17 and its 200 day moving average is $119.86. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $137.46. The firm has a market cap of $8.25 billion, a P/E ratio of 14.42, a P/E/G ratio of 2.03 and a beta of 1.22. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34.

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last released its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same quarter in the prior year, the firm posted $2.35 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, research analysts expect that Ryman Hospitality Properties will post 9.12 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.7%. Ryman Hospitality Properties’s dividend payout ratio is 117.36%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in shares of Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares during the period. Global Retirement Partners LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter valued at approximately $43,000. Signaturefd LLC boosted its position in shares of Ryman Hospitality Properties by 61.2% in the third quarter. Signaturefd LLC now owns 361 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 137 shares during the period. Trust Co. of Vermont purchased a new position in Ryman Hospitality Properties during the second quarter valued at approximately $51,000. Finally, Fifth Third Bancorp grew its stake in Ryman Hospitality Properties by 34.2% during the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 219 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

(Get Free Report)

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.

See Also