Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $122.27 Average PT from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $122.2727.

Several analysts have weighed in on the stock. Morgan Stanley boosted 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 note on Tuesday, May 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays raised their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Truist Financial upped their target price on 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

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Ryman Hospitality Properties by 22.9% during the second quarter. GAMMA Investing LLC now owns 2,478 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 462 shares during the last quarter. Western Wealth Management LLC bought a new stake in Ryman Hospitality Properties in the 1st quarter valued at about $185,000. Segall Bryant & Hamill LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter valued at about $680,000. Janus Henderson Group PLC grew its position in Ryman Hospitality Properties by 5.0% in the 1st quarter. Janus Henderson Group PLC now owns 297,426 shares of the real estate investment trust’s stock worth $27,447,000 after purchasing an additional 14,152 shares during the last quarter. Finally, Amundi increased its stake in shares of Ryman Hospitality Properties by 13.0% in the first quarter. Amundi now owns 46,843 shares of the real estate investment trust’s stock valued at $4,322,000 after purchasing an additional 5,400 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $127.44 on Friday. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $132.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.60 and a beta of 1.20. The stock has a 50 day moving average of $117.05 and a 200-day moving average of $103.84.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 3.8%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 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.