Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $115.00

Ryman Hospitality Properties (NYSE:RHP) had its price objective lifted by Cantor Fitzgerald from $108.00 to $115.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Finally, Barclays set a $109.00 price target on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $98.61 on Tuesday. The firm has a market capitalization of $6.21 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $105.75. The firm has a 50-day moving average price of $97.32 and a 200 day moving average price of $95.09.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 127.66%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $56,123,000. Invesco Ltd. boosted its holdings in Ryman Hospitality Properties by 184.9% in the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock valued at $66,261,000 after acquiring an additional 479,990 shares during the last quarter. GRS Advisors LLC acquired a new stake in Ryman Hospitality Properties in the second quarter worth about $39,171,000. Balyasny Asset Management L.P. bought a new stake in Ryman Hospitality Properties during the 3rd quarter worth about $30,975,000. Finally, Daiwa Securities Group Inc. lifted its position in Ryman Hospitality Properties by 34.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 899,139 shares of the real estate investment trust’s stock valued at $88,718,000 after purchasing an additional 232,632 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.