Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $117.5556.

RHP has been the subject of several recent research reports. Barclays lifted their target price on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald lifted their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $110.80 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $112.50. The company has a 50 day simple moving average of $99.33 and a two-hundred day simple moving average of $97.16. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.52 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

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 dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is 126.65%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Ryman Hospitality Properties in the 4th quarter worth $48,036,000. Invesco Ltd. increased its holdings in Ryman Hospitality Properties by 184.9% in the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after acquiring an additional 479,990 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth $30,975,000. Qube Research & Technologies Ltd purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth $18,161,000. Finally, UBS Group AG increased its holdings in Ryman Hospitality Properties by 116.3% in the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock worth $33,252,000 after acquiring an additional 199,556 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other 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.