Ryman Hospitality Properties (NYSE:RHP) Given New $114.00 Price Target at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP) had its price objective lifted by Wells Fargo & Company from $105.00 to $114.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

RHP has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Barclays raised their price target on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Morgan Stanley upgraded shares of Ryman Hospitality Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $88.00 to $105.00 in a research note on Friday, April 10th. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Evercore restated an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Ryman Hospitality Properties Trading Down 2.1%

Shares of RHP stock opened at $100.04 on Wednesday. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $105.75. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. The company has a 50-day simple moving average of $97.15 and a two-hundred day simple moving average of $94.79. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.95 and a beta of 1.19.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $1.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.80 annualized dividend and a yield of 4.8%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 127.66%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC boosted its holdings in Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 269 shares during the period. Global Retirement Partners LLC boosted its holdings in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares during the period. Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its holdings in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 218 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 113 shares during the period. 94.48% of the stock is owned by 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.