Ryman Hospitality Properties Inc (NYSE:RHP) has earned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $91.50.

A number of research firms have weighed in on RHP. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. ValuEngine raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Deutsche Bank raised their price objective on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 11th. Finally, Raymond James raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th.

RHP stock traded up $0.83 during midday trading on Monday, reaching $81.32. 213,659 shares of the company were exchanged, compared to its average volume of 262,018. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 5.20. Ryman Hospitality Properties has a 1-year low of $64.36 and a 1-year high of $90.02. The stock has a market cap of $4.18 billion, a P/E ratio of 13.88, a PEG ratio of 1.27 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.43%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. The ex-dividend date was Thursday, March 28th. Ryman Hospitality Properties’s payout ratio is presently 61.43%.

In other news, CAO Jennifer L. Hutcheson sold 1,892 shares of Ryman Hospitality Properties stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $82.39, for a total value of $155,881.88. Following the transaction, the chief accounting officer now directly owns 5,818 shares of the company’s stock, valued at approximately $479,345.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick S. Chaffin sold 2,000 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $83.39, for a total transaction of $166,780.00. Following the completion of the transaction, the executive vice president now directly owns 14,759 shares in the company, valued at $1,230,753.01. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Aurora Investment Counsel increased its holdings in shares of Ryman Hospitality Properties by 4.7% in the 4th quarter. Aurora Investment Counsel now owns 22,743 shares of the real estate investment trust’s stock valued at $1,517,000 after acquiring an additional 1,016 shares during the period. Vanguard Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,881,444 shares of the real estate investment trust’s stock valued at $679,145,000 after acquiring an additional 159,056 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at $260,000. Boston Advisors LLC increased its stake in Ryman Hospitality Properties by 4.8% in the 4th quarter. Boston Advisors LLC now owns 56,840 shares of the real estate investment trust’s stock valued at $3,791,000 after buying an additional 2,614 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at $755,000. 87.91% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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