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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $120.80.

A number of research firms recently weighed in on RHP. JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Cantor Fitzgerald raised their price target 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. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday. Finally, Wells Fargo & Company raised their price target 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.

Ryman Hospitality Properties Price Performance

RHP opened at $120.40 on Wednesday. The company has a fifty day simple moving average of $105.94 and a 200 day simple moving average of $99.45. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.50 and a beta of 1.22. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $121.37. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its stake in Ryman Hospitality Properties by 2.0% during the 1st quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 111 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the last quarter. Norinchukin Bank The boosted its stake in Ryman Hospitality Properties by 4.2% during the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after acquiring an additional 119 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Ryman Hospitality Properties by 0.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock valued at $2,980,000 after acquiring an additional 124 shares during the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 3.1% in the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after acquiring an additional 132 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

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.