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

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $120.80.

A number of research firms have weighed in on RHP. Cantor Fitzgerald increased their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Barclays increased their price objective on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $120.40 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a market cap of $7.60 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.50 and a beta of 1.22. Ryman Hospitality Properties has a fifty-two week low of $83.82 and a fifty-two week high of $121.37. The firm’s 50 day moving average is $105.94 and its two-hundred day moving average is $99.45.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several large investors have recently made changes to their positions in RHP. Royal Bank of Canada increased its position in shares of Ryman Hospitality Properties by 44.1% in the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 12,169 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 131.0% in the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after acquiring an additional 63,507 shares in the last quarter. Jane Street Group LLC increased its position in shares of Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after acquiring an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.