Ryman Hospitality Properties (NYSE:RHP) Hits New 52-Week High – Time to Buy?

Ryman Hospitality Properties, Inc. (NYSE:RHP) reached a new 52-week high during trading on Thursday . The stock traded as high as $112.50 and last traded at $112.3510, with a volume of 340973 shares trading hands. The stock had previously closed at $110.99.

Analyst Ratings Changes

Several equities research analysts have commented on RHP shares. Truist Financial boosted their target price on Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Morgan Stanley boosted their price target 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. Finally, Cantor Fitzgerald boosted their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

Ryman Hospitality Properties Trading Up 1.2%

The company has a market cap of $7.09 billion, a P/E ratio of 29.64, a PEG ratio of 2.52 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The business has a 50 day moving average price of $99.33 and a 200-day moving average price of $97.16.

Ryman Hospitality Properties Announces Dividend

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 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Hantz Financial Services Inc. raised its stake in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 218 shares during the period. International Assets Investment Management LLC raised its stake in Ryman Hospitality Properties by 437.0% in 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. Caitong International Asset Management Co. Ltd raised its stake in Ryman Hospitality Properties by 61.7% in 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 period. Finally, Global Retirement Partners LLC raised its stake in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 172 shares during the period. 94.48% of the stock is 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.