Ryman Hospitality Properties (RHP) Hits New 12-Month High and Low at $80.07

Ryman Hospitality Properties (NYSE:RHP)’s share price hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $80.07 and last traded at $79.93, with a volume of 191025 shares. The stock had previously closed at $79.56.

RHP has been the topic of a number of research reports. Bank of America upgraded shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Deutsche Bank lifted their price objective on shares of Ryman Hospitality Properties from $77.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. SunTrust Banks lifted their price objective on shares of Ryman Hospitality Properties to $70.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. Finally, Citigroup lifted their price objective on shares of Ryman Hospitality Properties from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus target price of $78.83.

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The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.18.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.66). Ryman Hospitality Properties had a net margin of 14.27% and a return on equity of 48.28%. The firm had revenue of $288.40 million during the quarter, compared to analysts’ expectations of $283.46 million. During the same quarter last year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. analysts expect that Ryman Hospitality Properties will post 5.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, March 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 61.15%.

In related news, CEO Colin V. Reed bought 6,142 shares of the firm’s stock in a transaction on Tuesday, April 17th. The shares were bought at an average cost of $79.34 per share, for a total transaction of $487,306.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of RHP. Delpha Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $119,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth $201,000. Zeke Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth $203,000. Suntrust Banks Inc. purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $205,000. Finally, FCA Corp TX purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $209,000. Institutional investors own 86.57% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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