Ryman Hospitality Properties (NYSE:RHP) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other equities research analysts also recently issued reports on RHP. Zacks Investment Research upgraded Ryman Hospitality Properties from a hold rating to a buy rating and set a $85.00 price objective on the stock in a report on Saturday, July 27th. JPMorgan Chase & Co. downgraded Ryman Hospitality Properties from a neutral rating to an underweight rating and dropped their price objective for the stock from $80.00 to $77.00 in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Ryman Hospitality Properties presently has a consensus rating of Hold and an average price target of $88.00.

Shares of NYSE:RHP traded down $0.10 during mid-day trading on Thursday, hitting $73.80. 206,776 shares of the company traded hands, compared to its average volume of 226,389. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.99 and a beta of 1.17. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.16 and a current ratio of 1.16. Ryman Hospitality Properties has a 52-week low of $64.36 and a 52-week high of $90.02. The stock’s 50 day moving average price is $78.28.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.85). The company had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $363.63 million. Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share. On average, equities analysts expect that Ryman Hospitality Properties will post 6.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $3.60 annualized dividend and a yield of 4.88%. Ryman Hospitality Properties’s dividend payout ratio is presently 61.43%.

In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 3,250 shares of Ryman Hospitality Properties stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $83.05, for a total transaction of $269,912.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.30% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $32,000. Huntington National Bank grew its position in shares of Ryman Hospitality Properties by 75.6% in the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 211 shares in the last quarter. Pinnacle Financial Partners Inc. acquired a new position in shares of Ryman Hospitality Properties in the 1st quarter worth approximately $75,000. FMR LLC grew its position in shares of Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 196 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Ryman Hospitality Properties by 15.3% in the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 86.89% 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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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