Ryman Hospitality Properties (NYSE:RHP) Sets New 52-Week High – What’s Next?

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $121.56 and last traded at $118.8990, with a volume of 562210 shares. The stock had previously closed at $120.39.

Analysts Set New Price Targets

RHP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays lifted their price objective on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $120.80.

Ryman Hospitality Properties Stock Down 1.2%

The company’s fifty day moving average price is $106.49 and its 200-day moving average price is $99.65. The stock has a market cap of $7.50 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors have recently made changes to their positions in RHP. Norges Bank bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $48,036,000. Invesco Ltd. lifted its holdings in Ryman Hospitality Properties by 184.9% during the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock valued at $66,261,000 after buying an additional 479,990 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Ryman Hospitality Properties during the 3rd quarter valued at about $30,975,000. Qube Research & Technologies Ltd bought a new stake in Ryman Hospitality Properties during the 3rd quarter valued at about $18,161,000. Finally, UBS Group AG lifted its holdings in Ryman Hospitality Properties by 116.3% during the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock valued at $33,252,000 after buying an additional 199,556 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.