Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $118.00 Average Target Price from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $118.00.

A number of equities research analysts have recently issued reports on the company. Raymond James boosted their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial upped their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd.

Ryman Hospitality Properties Stock Down 1.5 %

Shares of Ryman Hospitality Properties stock opened at $105.48 on Friday. The stock’s fifty day moving average is $114.15 and its 200-day moving average is $107.41. The firm has a market capitalization of $6.32 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 0.75 and a beta of 1.57. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties has a 12-month low of $79.86 and a 12-month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s payout ratio is currently 84.94%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Ryman Hospitality Properties by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after purchasing an additional 216,137 shares during the last quarter. FMR LLC boosted its stake in shares of Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock worth $341,230,000 after acquiring an additional 114,451 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ryman Hospitality Properties by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after acquiring an additional 93,082 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after acquiring an additional 62,322 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ryman Hospitality Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock worth $87,305,000 after acquiring an additional 11,490 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.