Ryman Hospitality Properties (NYSE:RHP) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Ryman Hospitality Properties (NYSE:RHP) in a report published on Friday morning, MarketBeat.com reports. They currently have a $100.00 target price on the real estate investment trust’s stock.

Several other research analysts have also weighed in on the company. Truist Financial lifted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price for the company. Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $113.24 on Friday. The firm has a market cap of $6.78 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.95 and a beta of 1.65. The stock’s 50 day moving average is $112.64 and its 200 day moving average is $105.71. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties has a one year low of $93.76 and a one year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same quarter last year, the firm posted $1.73 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts expect that Ryman Hospitality Properties will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.06%. Ryman Hospitality Properties’s dividend payout ratio is presently 81.71%.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in Ryman Hospitality Properties during the third quarter worth about $28,000. Fifth Third Bancorp raised its holdings in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares during the period. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at $32,000. Quest Partners LLC lifted its position in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 338 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.