Ryman Hospitality Properties (NYSE:RHP) Sets New 12-Month High – Should You Buy?

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $121.56 and last traded at $118.8990, with a volume of 562210 shares traded. The stock had previously closed at $120.39.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Barclays raised their price target on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Stock Performance

The stock’s fifty day moving average is $107.68 and its two-hundred day moving average is $100.00. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 2.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RHP. Royal Bank of Canada boosted its stake in Ryman Hospitality Properties by 44.1% during the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after acquiring an additional 12,169 shares during the last quarter. AQR Capital Management LLC boosted its stake in Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after acquiring an additional 63,507 shares during the last quarter. Jane Street Group LLC boosted its stake in Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after acquiring an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

About Ryman Hospitality Properties

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.