Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $117.56 Average Price Target from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $117.5556.

RHP has been the subject of several research analyst reports. Barclays increased their target price on Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Truist Financial upped their price target on Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Evercore reissued an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Finally, Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Dallas Securities Inc. increased its position in Ryman Hospitality Properties by 103.9% in the third quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock worth $2,334,000 after buying an additional 13,275 shares during the period. Hamlin Capital Management LLC increased its position in Ryman Hospitality Properties by 10.5% in the third quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock worth $88,513,000 after buying an additional 93,490 shares during the period. Centersquare Investment Management LLC increased its position in Ryman Hospitality Properties by 37.3% in the third quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock worth $4,712,000 after buying an additional 14,296 shares during the period. Jain Global LLC increased its position in Ryman Hospitality Properties by 143.9% in the third quarter. Jain Global LLC now owns 169,432 shares of the real estate investment trust’s stock worth $15,179,000 after buying an additional 99,967 shares during the period. Finally, Strs Ohio increased its position in Ryman Hospitality Properties by 23.3% in the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock worth $10,242,000 after buying an additional 21,600 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $108.48 on Friday. The stock has a market cap of $6.85 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 2.43 and a beta of 1.22. 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 stock has a 50 day moving average of $98.76 and a 200-day moving average of $96.83. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $112.50.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

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.