Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $111.1818.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, January 28th. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $109.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Cantor Fitzgerald upped their price target on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 price objective on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th.

Ryman Hospitality Properties Stock Up 1.3%

RHP stock opened at $92.33 on Friday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. Ryman Hospitality Properties has a 12 month low of $76.27 and a 12 month high of $105.75. The firm has a 50-day moving average price of $96.45 and a 200-day moving average price of $94.26.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $1.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $4.80 annualized dividend and a yield of 5.2%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 127.66%.

Institutional Trading of Ryman Hospitality Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in Ryman Hospitality Properties by 2,241.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 269 shares during the period. Hantz Financial Services Inc. increased its position in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 172 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

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.