Ryman Hospitality Properties (NYSE:RHP) Stock Price Up 6%

Shares of Ryman Hospitality Properties Inc (NYSE:RHP) rose 6% during mid-day trading on Wednesday . The company traded as high as $33.08 and last traded at $34.67, approximately 57,928 shares were traded during trading. A decline of 96% from the average daily volume of 1,393,176 shares. The stock had previously closed at $32.70.

RHP has been the subject of a number of recent analyst reports. SunTrust Banks decreased their price target on shares of Ryman Hospitality Properties from $85.00 to $83.00 and set a “hold” rating for the company in a report on Friday, November 29th. Deutsche Bank restated a “buy” rating and set a $106.00 price target on shares of Ryman Hospitality Properties in a report on Wednesday, February 26th. ValuEngine cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Thursday, March 5th. Wells Fargo & Co decreased their price target on shares of Ryman Hospitality Properties from $93.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, March 9th. Finally, Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.50.

The company has a debt-to-equity ratio of 4.14, a current ratio of 2.03 and a quick ratio of 2.03. The company’s 50 day moving average is $63.35 and its two-hundred day moving average is $79.82. The firm has a market cap of $1.80 billion, a P/E ratio of 12.52 and a beta of 1.25.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.96). Ryman Hospitality Properties had a net margin of 9.09% and a return on equity of 31.84%. The company had revenue of $446.29 million during the quarter, compared to the consensus estimate of $433.74 million. During the same quarter in the previous year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Research analysts predict that Ryman Hospitality Properties Inc will post 7.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 10.84%. The ex-dividend date is Monday, March 30th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.90. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 52.48%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Ryman Hospitality Properties by 286.0% in the fourth quarter. FMR LLC now owns 907,915 shares of the real estate investment trust’s stock worth $78,680,000 after purchasing an additional 672,711 shares in the last quarter. Norges Bank acquired a new position in Ryman Hospitality Properties in the fourth quarter worth about $49,440,000. GW&K Investment Management LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter worth about $25,069,000. Nuveen Asset Management LLC raised its position in Ryman Hospitality Properties by 61.9% in the fourth quarter. Nuveen Asset Management LLC now owns 708,429 shares of the real estate investment trust’s stock worth $61,392,000 after purchasing an additional 270,749 shares in the last quarter. Finally, Millennium Management LLC raised its position in Ryman Hospitality Properties by 34.1% in the third quarter. Millennium Management LLC now owns 651,486 shares of the real estate investment trust’s stock worth $53,298,000 after purchasing an additional 165,723 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Ryman Hospitality Properties Company Profile (NYSE:RHP)

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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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