Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) – Equities research analysts at SunTrust Banks increased their FY2017 earnings per share estimates for shares of Ryman Hospitality Properties in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst P. Scholes now forecasts that the real estate investment trust will earn $5.57 per share for the year, up from their prior estimate of $5.55. SunTrust Banks has a “Hold” rating and a $60.00 price objective on the stock. SunTrust Banks also issued estimates for Ryman Hospitality Properties’ Q4 2017 earnings at $1.71 EPS and FY2018 earnings at $6.01 EPS.
Several other equities research analysts also recently commented on the stock. ValuEngine raised shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Bank of America raised shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Deutsche Bank upped their price objective on shares of Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ryman Hospitality Properties has a consensus rating of “Hold” and a consensus price target of $70.00.
Large investors have recently bought and sold shares of the company. IHT Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter worth about $239,000. Delpha Capital Management LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $119,000. Advisor Group Inc. lifted its position in Ryman Hospitality Properties by 59.0% during the 2nd quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 646 shares during the period. Cable Hill Partners LLC purchased a new position in Ryman Hospitality Properties during the 3rd quarter valued at about $109,000. Finally, Quantbot Technologies LP purchased a new position in Ryman Hospitality Properties during the 3rd quarter valued at about $161,000. 86.79% of the stock is owned by hedge funds and other institutional investors.
In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 5,995 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, January 17th. The shares were bought at an average price of $75.81 per share, with a total value of $454,480.95. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $68.41, for a total transaction of $222,332.50. Following the completion of the sale, the senior vice president now directly owns 4,147 shares in the company, valued at approximately $283,696.27. The disclosure for this sale can be found here. Insiders sold a total of 8,331 shares of company stock worth $576,523 over the last quarter. Corporate insiders own 3.40% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.68%. The ex-dividend date was Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio is presently 108.47%.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince Georges County, Maryland.
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