Ryman Hospitality Properties (NYSE:RHP) Stock Crosses Above 200 Day Moving Average – Here’s Why

Ryman Hospitality Properties, Inc. (NYSE:RHP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $106.08 and traded as high as $106.35. Ryman Hospitality Properties shares last traded at $104.34, with a volume of 464,541 shares.

Analyst Ratings Changes

RHP has been the topic of a number of research analyst reports. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Truist Financial upped their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $128.57.

Ryman Hospitality Properties Trading Down 1.7 %

The stock has a market cap of $6.14 billion, a PE ratio of 18.22, a PEG ratio of 2.95 and a beta of 1.65. The company’s fifty day moving average is $111.71 and its 200-day moving average is $106.07. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. During the same quarter in the previous year, the business posted $1.73 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.48%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 81.71%.

Insider Activity

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently made changes to their positions in RHP. Quarry LP acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth about $28,000. SYSTM Wealth Solutions LLC acquired a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $32,000. Quest Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 338 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 103 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other 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.