Ryman Hospitality Properties (NYSE:RHP) Reaches New 1-Year Low on Analyst Downgrade

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s share price hit a new 52-week low on Friday after Truist Financial lowered their price target on the stock from $133.00 to $127.00. Truist Financial currently has a buy rating on the stock. Ryman Hospitality Properties traded as low as $92.04 and last traded at $93.11, with a volume of 199165 shares changing hands. The stock had previously closed at $95.59.

Other analysts have also issued research reports about the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. BMO Capital Markets assumed 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 on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Insider Buying and Selling at Ryman Hospitality Properties

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

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after acquiring an additional 101,333 shares in the last quarter. Geode Capital Management LLC lifted its position in Ryman Hospitality Properties by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock valued at $156,427,000 after acquiring an additional 12,323 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Ryman Hospitality Properties by 10.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust’s stock valued at $150,220,000 after acquiring an additional 138,771 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust’s stock valued at $102,167,000 after acquiring an additional 14,861 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Ryman Hospitality Properties by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust’s stock valued at $97,737,000 after acquiring an additional 5,807 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Down 2.3 %

The firm has a market capitalization of $5.59 billion, a P/E ratio of 21.24, a PEG ratio of 2.71 and a beta of 1.65. The firm’s 50-day moving average is $101.01 and its 200 day moving average is $106.34. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. As a group, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.93%. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

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.