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

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $110.8182.

RHP has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lowered their target price on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday, January 16th. Finally, Truist Financial boosted their target price on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in shares of Ryman Hospitality Properties by 18.8% during the fourth quarter. Hsbc Holdings PLC now owns 105,333 shares of the real estate investment trust’s stock worth $9,967,000 after buying an additional 16,682 shares during the period. Virtu Financial LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter worth $357,000. Invesco Ltd. lifted its position in Ryman Hospitality Properties by 19.7% during the 4th quarter. Invesco Ltd. now owns 885,435 shares of the real estate investment trust’s stock worth $83,780,000 after acquiring an additional 145,827 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Ryman Hospitality Properties by 6.8% in the fourth quarter. Corient Private Wealth LLC now owns 10,488 shares of the real estate investment trust’s stock valued at $1,003,000 after purchasing an additional 664 shares during the period. Finally, Alberta Investment Management Corp acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at about $1,495,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Down 2.5%

Shares of NYSE:RHP opened at $96.06 on Monday. The company has a market capitalization of $6.05 billion, a PE ratio of 25.55, a P/E/G ratio of 1.84 and a beta of 1.18. The company has a current ratio of 1.46, a quick 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 business’s fifty day simple moving average is $97.29 and its 200-day simple moving average is $95.10.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.20 per share. The ex-dividend date is Tuesday, March 31st. This represents a $4.80 annualized dividend and a dividend yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio is 127.66%.

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.