Ryman Hospitality Properties (NYSE:RHP) Hits New 52-Week Low – What’s Next?

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) reached a new 52-week low on Friday . The company traded as low as $91.67 and last traded at $91.77, with a volume of 35687 shares. The stock had previously closed at $93.45.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

Ryman Hospitality Properties Price Performance

The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 2.71 and a beta of 1.65. The company’s 50 day moving average is $100.24 and its 200 day moving average is $106.14. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.02%. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $72,000. Venturi Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $83,000. Finally, Covestor Ltd boosted its stake in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 207 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

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.