Ryman Hospitality Properties (NYSE:RHP) Sets New 52-Week Low – Should You Sell?

Ryman Hospitality Properties, Inc. (NYSE:RHP) shares hit a new 52-week low during trading on Friday . The stock traded as low as $91.67 and last traded at $91.77, with a volume of 35687 shares traded. The stock had previously closed at $93.45.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RHP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. One equities 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Stock Down 2.0 %

The firm’s 50 day moving average price is $100.24 and its 200-day moving average price is $106.14. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $5.49 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. As a group, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.02%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

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

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock valued at $57,141,000 after buying an additional 255,229 shares in the last quarter. Citigroup Inc. grew its position in shares of Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after acquiring an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $741,000. Van ECK Associates Corp raised its holdings in shares of Ryman Hospitality Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock valued at $1,159,000 after purchasing an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in Ryman Hospitality Properties in the 3rd quarter valued at about $488,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.