Ryman Hospitality Properties (NYSE:RHP) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from an underperform rating to a buy rating in a research report released on Monday, January 8th, MarketBeat Ratings reports.

RHP has been the subject of a number of other reports. ValuEngine upgraded shares of Ryman Hospitality Properties from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a sell rating to a hold rating in a research report on Friday, November 10th. SunTrust Banks reaffirmed a hold rating and set a $60.00 price target on shares of Ryman Hospitality Properties in a report on Friday, November 10th. Finally, Wells Fargo & Co raised 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 report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $67.80.

Shares of Ryman Hospitality Properties (RHP) opened at $74.33 on Monday. Ryman Hospitality Properties has a 52 week low of $57.78 and a 52 week high of $74.45. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $3,805.42, a P/E ratio of 25.20, a P/E/G ratio of 1.67 and a beta of 1.18.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $264.70 million for the quarter, compared to analyst estimates of $268.97 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. research analysts predict that Ryman Hospitality Properties will post 5.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 108.47%.

In related news, SVP Jennifer L. Hutcheson sold 1,081 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.63, for a total value of $75,270.03. Following the transaction, the senior vice president now owns 7,764 shares in the company, valued at approximately $540,607.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bennett D. Westbrook sold 4,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.73, for a total transaction of $278,920.00. Following the completion of the transaction, the executive vice president now owns 14,744 shares in the company, valued at approximately $1,028,099.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,331 shares of company stock worth $576,523. Company insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Ryman Hospitality Properties by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock worth $527,561,000 after purchasing an additional 219,560 shares during the period. BlackRock Inc. lifted its position in shares of Ryman Hospitality Properties by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock valued at $285,547,000 after buying an additional 139,518 shares in the last quarter. State Street Corp lifted its position in shares of Ryman Hospitality Properties by 2.7% during the 2nd quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock valued at $105,251,000 after buying an additional 43,334 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Ryman Hospitality Properties by 0.8% during the 3rd quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock valued at $82,074,000 after buying an additional 10,500 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Ryman Hospitality Properties by 2.3% during the 2nd quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock valued at $59,085,000 after buying an additional 20,554 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

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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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