Ryman Hospitality Properties (RHP) Price Target Increased to $98.00 by Analysts at Deutsche Bank

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Ryman Hospitality Properties (NYSE:RHP) had its price objective increased by Deutsche Bank from $94.00 to $98.00 in a research report released on Monday. They currently have a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Ryman Hospitality Properties from a sell rating to a hold rating in a research note on Tuesday, January 22nd. ValuEngine upgraded Ryman Hospitality Properties from a hold rating to a buy rating in a research note on Wednesday, January 30th. Raymond James upgraded Ryman Hospitality Properties from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. Finally, SunTrust Banks restated a hold rating and issued a $76.00 price objective on shares of Ryman Hospitality Properties in a research note on Thursday, November 22nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $91.80.

Shares of Ryman Hospitality Properties stock opened at $80.14 on Monday. Ryman Hospitality Properties has a 52-week low of $64.36 and a 52-week high of $90.02. The stock has a market capitalization of $4.07 billion, a P/E ratio of 14.41, a PEG ratio of 1.60 and a beta of 1.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.74.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Friday, December 28th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Thursday, December 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 61.15%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Ryman Hospitality Properties by 18.8% during the fourth quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 273 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Ryman Hospitality Properties by 9.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,710 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 501 shares during the period. Raymond James & Associates increased its position in shares of Ryman Hospitality Properties by 13.9% during the fourth quarter. Raymond James & Associates now owns 386,557 shares of the real estate investment trust’s stock valued at $25,779,000 after buying an additional 47,214 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ryman Hospitality Properties by 1,672.0% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,465 shares of the real estate investment trust’s stock valued at $3,232,000 after buying an additional 45,730 shares during the period. Finally, Bruni J V & Co. Co. increased its position in shares of Ryman Hospitality Properties by 1.7% during the fourth quarter. Bruni J V & Co. Co. now owns 520,591 shares of the real estate investment trust’s stock valued at $34,718,000 after buying an additional 8,624 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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