Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $119.00

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $119.00.

RHP has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Raymond James lifted their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial increased their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday.

Ryman Hospitality Properties Trading Up 1.7 %

NYSE RHP opened at $104.75 on Tuesday. The stock has a market cap of $6.27 billion, a P/E ratio of 21.69, a PEG ratio of 2.15 and a beta of 1.59. The company’s fifty day simple moving average is $109.62 and its 200-day simple moving average is $109.47. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. Ryman Hospitality Properties has a 52 week low of $79.86 and a 52 week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.10 dividend. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.20%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Colin V. Reed purchased 13,800 shares of the stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the transaction, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $27,000. Parallel Advisors LLC boosted its holdings in Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties in the first quarter valued at $35,000. Signaturefd LLC lifted its position in shares of Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 275 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Ryman Hospitality Properties by 15.5% during the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 163 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

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.