Ryman Hospitality Properties (NYSE:RHP) Cut to “In-Line” at Evercore

Evercore downgraded shares of Ryman Hospitality Properties (NYSE:RHP) from an outperform rating to an in-line rating in a research report report published on Monday, MarketBeat Ratings reports. The brokerage currently has $140.00 price objective on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on RHP. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Barclays cut their price target on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Citigroup raised their price objective on Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Zacks Research upgraded Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Weiss Ratings raised Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Buy” and a consensus price target of $135.25.

Ryman Hospitality Properties Trading Up 0.2%

NYSE:RHP opened at $132.50 on Monday. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.02 and a beta of 1.22. The firm has a fifty day simple moving average of $124.64 and a two-hundred day simple moving average of $113.08.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 earnings per share. Analysts expect that Ryman Hospitality Properties will post 9.12 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.6%. Ryman Hospitality Properties’s payout ratio is presently 117.36%.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently made changes to their positions in RHP. Empowered Funds LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter valued at approximately $3,541,000. BlackRock Inc. purchased a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $1,438,737,000. Wellington Management Group LLP purchased a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $24,658,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Ryman Hospitality Properties during the second quarter worth $60,655,000. Finally, Reinhart Partners LLC. grew its holdings in Ryman Hospitality Properties by 1.7% during the second quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock worth $91,386,000 after buying an additional 11,766 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.