Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $122.2727.

RHP has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Barclays boosted their price target on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald raised their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, 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 report on Tuesday, May 12th.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $126.69 on Friday. The stock has a 50-day simple moving average of $117.96 and a 200-day simple moving average of $104.23. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $8.00 billion, a PE ratio of 33.43, a PEG ratio of 2.24 and a beta of 1.20. Ryman Hospitality Properties has a 1 year low of $83.82 and a 1 year high of $132.41.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harrell Investment Partners LLC grew its holdings in shares of Ryman Hospitality Properties by 7.6% during the second quarter. Harrell Investment Partners LLC now owns 5,414 shares of the real estate investment trust’s stock worth $696,000 after purchasing an additional 381 shares during the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $203,000. Reinhart Partners LLC. increased its position in shares of Ryman Hospitality Properties by 1.7% during the second quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock worth $91,386,000 after purchasing an additional 11,766 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ryman Hospitality Properties by 22.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,478 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 462 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at about $185,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

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.