Deutsche Bank Boosts Ryman Hospitality Properties (RHP) Price Target to $81.00

Ryman Hospitality Properties (NYSE:RHP) had its price objective increased by Deutsche Bank from $77.00 to $81.00 in a report issued on Friday morning. They currently have a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on RHP. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Wednesday, January 10th. Bank of America upgraded shares of Ryman Hospitality Properties from an underperform rating to a buy rating in a research note on Monday, January 8th. Wells Fargo & Co upgraded shares of Ryman Hospitality Properties from a market perform rating to an outperform rating and set a $76.00 price target on the stock in a research note on Tuesday, December 19th. ValuEngine upgraded shares of Ryman Hospitality Properties from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Finally, SunTrust Banks restated a hold rating and set a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $70.00.

Shares of Ryman Hospitality Properties (NYSE:RHP) traded up $1.63 during trading on Friday, hitting $68.80. 324,735 shares of the stock were exchanged, compared to its average volume of 323,698. Ryman Hospitality Properties has a twelve month low of $57.78 and a twelve month high of $77.99. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.46. The firm has a market capitalization of $3,438.85, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.38. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The business had revenue of $264.70 million for the quarter, compared to analyst estimates of $268.97 million. During the same period in the previous year, the business posted $1.28 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. equities analysts forecast that Ryman Hospitality Properties will post 5.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 4.65%. Ryman Hospitality Properties’s payout ratio is currently 108.47%.

In related news, CEO Colin V. Reed bought 20,000 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $65.98 per share, for a total transaction of $1,319,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Colin V. Reed bought 5,995 shares of the stock in a transaction on Wednesday, January 17th. The shares were bought at an average price of $75.81 per share, for a total transaction of $454,480.95. The disclosure for this purchase can be found here. Insiders have sold 8,331 shares of company stock worth $576,523 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in shares of Ryman Hospitality Properties by 17.2% in the third quarter. Victory Capital Management Inc. now owns 799,349 shares of the real estate investment trust’s stock valued at $49,951,000 after purchasing an additional 117,375 shares during the last quarter. Green Square Capital LLC acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at approximately $5,993,000. Prudential Financial Inc. grew its position in shares of Ryman Hospitality Properties by 36.9% in the third quarter. Prudential Financial Inc. now owns 328,899 shares of the real estate investment trust’s stock valued at $20,553,000 after purchasing an additional 88,570 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Ryman Hospitality Properties by 8.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 653,206 shares of the real estate investment trust’s stock valued at $40,819,000 after purchasing an additional 49,099 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Ryman Hospitality Properties by 1.1% in the fourth quarter. BlackRock Inc. now owns 4,626,347 shares of the real estate investment trust’s stock valued at $319,310,000 after purchasing an additional 48,437 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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