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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $127.10.

A number of equities research analysts have recently commented on RHP shares. Morgan Stanley increased their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald increased their price objective 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. Finally, Truist Financial increased their price objective 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.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ryman Hospitality Properties by 61.7% during 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 acquiring an additional 113 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of 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. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.2%

Shares of RHP stock opened at $131.99 on Thursday. Ryman Hospitality Properties has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s fifty day moving average is $125.17 and its two-hundred day moving average is $108.35. The firm has a market capitalization of $8.33 billion, a P/E ratio of 34.83, a PEG ratio of 2.39 and a beta of 1.20.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $1.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

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.