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

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $122.2727.

Several analysts have recently commented on the stock. Barclays raised their target price 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. Raymond James Financial restated an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Cantor Fitzgerald boosted their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Truist Financial raised their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $0.94 during midday trading on Friday, hitting $125.69. The company had a trading volume of 546,309 shares, compared to its average volume of 665,098. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.27 and a beta of 1.20. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50 day simple moving average is $118.40 and its 200 day simple moving average is $104.38. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $132.41.

Ryman Hospitality Properties Announces Dividend

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

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently made changes to their positions in RHP. Global Retirement Partners LLC boosted its holdings in Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 worth $27,000 after acquiring an additional 113 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares in the last quarter. Hedge funds and other 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.