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Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report) – Wedbush analysts lowered Ryman Hospitality Properties’ first-quarter 2024 earnings per share estimates in a research note on Monday, April 1st. Wedbush analyst R. Anderson now forecasts the real estate investment trust will earn $1.68 per share for the quarter, down from its previous forecast of $2.15. The current full-year earnings consensus forecast for Ryman Hospitality Properties is $8.57 per share. Wedbush also issued an estimate for Ryman Hospitality Properties’ fiscal 2024 earnings per share of $8.00.
Other equities research analysts also recently issued reports regarding the company. Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial raised their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and raised their target price for the company from $89.00 in a research note on Thursday, December 14th. Raised to $102.00. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Moderate Buy” and an average price target of $118.00, according to MarketBeat.com.
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Ryman Hotel property value for money
RHP opened Thursday at $114.30 on the New York Stock Exchange. The company has a market capitalization of $6.82 billion, a P/E ratio of 22.07, a P/E ratio of 0.80, and a beta of 1.57. Ryman Hospitality Properties has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a quick ratio of 1.97, a current ratio of 1.97, and a debt-to-equity ratio of 5.90. The company’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $103.88.
Institutional Transactions for Ryman Hospitality Real Estate
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Xponance Inc. boosted its holdings in Ryman Hospitality Properties by 2.6% in the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 91 shares during the last quarter. Harbor Capital Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 0.9% during the fourth quarter. Harbor Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock valued at $1,482,000, after purchasing an additional 115 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Ryman Hospitality Properties by 4.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the real estate investment trust’s stock valued at $204,000, after acquiring an additional 115 shares during the period. Mariner LLC boosted its holdings in Ryman Hospitality Properties by 1.1% in the fourth quarter. Mariner LLC now owns 12,009 shares of the real estate investment trust’s stock valued at $982,000, after acquiring an additional 129 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Ryman Hospitality Properties by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000, after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s shares.
insider trading
In related news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares sold for an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s shares, valued at $2,109,579.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Company insiders own 3.30% of the shares.
Lyman Hospitality Real Estate announces dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors who register on Friday, March 29th will receive a $1.10 dividend. This represents an annualized dividend of $4.40 and a dividend yield of 3.85%. The ex-dividend date for this dividend is Wednesday, March 27. Ryman Hospitality Properties’ dividend payout ratio is 84.94%.
Introduction to Ryman Hotel Real Estate Company
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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hotel real estate investment trust specializing in upscale convention center resorts and entertainment experiences. The company’s holdings include Gaylord Opryland Resort and Convention Center; Gaylord Palms Resort and Convention Center; Gaylord Texas Resort and Convention Center; Gaylord National Resort and Convention Center; Gaylord The Gaylord Rockies Resort & Convention Center is one of five of the seven largest non-gaming convention center hotels in the United States (based on total indoor meeting space).
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