Zacks Investment Research upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

RHP has been the topic of several other reports. JPMorgan Chase & Co. cut their price objective on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an underweight rating on the stock in a report on Friday, September 6th. Wells Fargo & Co increased their target price on shares of Ryman Hospitality Properties from $89.00 to $95.00 and gave the stock an outperform rating in a research report on Wednesday. Deutsche Bank reissued a buy rating and set a $106.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday. ValuEngine downgraded shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research report on Thursday, August 1st. Finally, SunTrust Banks dropped their target price on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a hold rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $89.20.

Shares of RHP stock traded up $0.90 during trading hours on Thursday, hitting $89.76. 187,193 shares of the company were exchanged, compared to its average volume of 270,087. The firm has a market cap of $4.59 billion, a PE ratio of 15.32, a PEG ratio of 2.08 and a beta of 1.13. Ryman Hospitality Properties has a 1 year low of $64.36 and a 1 year high of $91.15. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.97. The firm has a fifty day moving average of $83.47 and a 200 day moving average of $80.93.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($1.01). The company had revenue of $379.79 million for the quarter, compared to analysts’ expectations of $370.70 million. Ryman Hospitality Properties had a return on equity of 58.06% and a net margin of 17.14%. The company’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 earnings per share. Analysts expect that Ryman Hospitality Properties will post 6.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, September 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 61.43%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $32,000. TCI Wealth Advisors Inc. acquired a new stake in Ryman Hospitality Properties during the 3rd quarter worth approximately $33,000. Huntington National Bank increased its position in Ryman Hospitality Properties by 75.6% during the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 211 shares in the last quarter. HM Payson & Co. acquired a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $41,000. Finally, FMR LLC increased its position in Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 196 shares in the last quarter. 87.80% of the stock is owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

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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