Ryman Hospitality Properties, Inc. (REIT) (RHP) Given Average Recommendation of “Hold” by Brokerages

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $52.60.

Several equities research analysts have issued reports on the company. Bank of America Corp cut Ryman Hospitality Properties, Inc. (REIT) from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Friday, March 3rd. Zacks Investment Research lowered Ryman Hospitality Properties, Inc. (REIT) from a “hold” rating to a “sell” rating in a research report on Friday, March 3rd.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHP. FineMark National Bank & Trust increased its stake in shares of Ryman Hospitality Properties, Inc. (REIT) by 1,709.3% in the third quarter. FineMark National Bank & Trust now owns 2,135 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 2,017 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Ryman Hospitality Properties, Inc. (REIT) 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 worth $107,000 after buying an additional 27 shares during the period. Acadian Asset Management LLC increased its stake in shares of Ryman Hospitality Properties, Inc. (REIT) by 10,944.0% in the third quarter. Acadian Asset Management LLC now owns 2,761 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,736 shares during the period. James Investment Research Inc. acquired a new stake in shares of Ryman Hospitality Properties, Inc. (REIT) during the first quarter worth about $141,000. Finally, Creative Planning increased its stake in shares of Ryman Hospitality Properties, Inc. (REIT) by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) traded down 0.60% during midday trading on Wednesday, hitting $63.47. The stock had a trading volume of 98,320 shares. The stock’s 50 day moving average price is $62.23 and its 200 day moving average price is $59.35. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 20.41 and a beta of 0.74. Ryman Hospitality Properties, Inc. has a 12 month low of $47.16 and a 12 month high of $67.97.

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) last posted its earnings results on Tuesday, February 28th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.04. The company earned $319.78 million during the quarter, compared to analysts’ expectations of $312 million. Ryman Hospitality Properties, Inc. (REIT) had a return on equity of 42.03% and a net margin of 13.15%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post $3.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This is a positive change from Ryman Hospitality Properties, Inc. (REIT)’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 5.01%. Ryman Hospitality Properties, Inc. (REIT)’s dividend payout ratio (DPR) is 102.74%.

Ryman Hospitality Properties, Inc. (REIT) Company Profile

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

5 Day Chart for NYSE:RHP

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