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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $127.10.

Several equities research analysts recently weighed in on RHP shares. Barclays upped their price objective on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. 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, June 12th. Cantor Fitzgerald increased 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. Finally, Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th.

Ryman Hospitality Properties Stock Down 0.3%

Shares of NYSE RHP opened at $135.52 on Thursday. 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 has a 52 week low of $83.82 and a 52 week high of $137.46. The stock has a market capitalization of $8.55 billion, a P/E ratio of 35.76, a PEG ratio of 2.44 and a beta of 1.20. The stock’s fifty day moving average is $123.92 and its 200 day moving average is $107.54.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.20 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 3.5%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $48,036,000. Invesco Ltd. raised its stake in Ryman Hospitality Properties by 184.9% during the third 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. bought a new position in shares of Ryman Hospitality Properties in the third quarter worth about $30,975,000. Qube Research & Technologies Ltd bought a new position in shares of Ryman Hospitality Properties in the third quarter worth about $18,161,000. Finally, UBS Group AG boosted its stake in shares of 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 valued at $33,252,000 after purchasing an additional 199,556 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

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.