Ryman Hospitality Properties (NYSE:RHP) Given New $105.00 Price Target at JPMorgan Chase & Co.

Ryman Hospitality Properties (NYSE:RHP) had its price objective increased by JPMorgan Chase & Co. from $104.00 to $105.00 in a research note published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently commented on the company. StockNews.com raised Ryman Hospitality Properties from a sell rating to a hold rating in a research note on Thursday. Truist Financial dropped their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating on the stock in a research note on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $118.71.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $99.58 on Friday. The company has a market capitalization of $5.96 billion, a PE ratio of 20.62, a PEG ratio of 2.08 and a beta of 1.64. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. The stock’s fifty day simple moving average is $100.96 and its 200 day simple moving average is $108.30.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Friday, June 28th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Activity

In related news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in Ryman Hospitality Properties during the fourth quarter worth about $27,000. Fifth Third Bancorp grew its holdings in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 219 shares during the period. Parallel Advisors LLC grew 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 purchasing an additional 262 shares during the period. Larson Financial Group LLC bought a new position in Ryman Hospitality Properties during the first quarter worth about $35,000. Finally, Signaturefd LLC grew its holdings in Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.