Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Has Average Price Target of $132.75

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given an average recommendation of “Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $132.42.

Several equities research analysts have commented on RHP shares. Raymond James Financial upped their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, September 28th. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Barclays lowered their price target on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Jefferies Financial Group restated a “buy” rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently made changes to their positions in RHP. BlackRock Inc. acquired a new position in shares of Ryman Hospitality Properties in the second quarter worth $1,438,737,000. Dimensional Fund Advisors LP increased its stake in Ryman Hospitality Properties by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock valued at $84,251,000 after purchasing an additional 18,614 shares during the last quarter. Reinhart Partners LLC. raised its stake in Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock worth $91,386,000 after acquiring an additional 11,766 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $78,347,000. Finally, Bruni J V & Co. Co. purchased a new stake in Ryman Hospitality Properties in the second quarter valued at approximately $65,555,872. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $126.86 on Tuesday. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50 day simple moving average is $123.66 and its 200-day simple moving average is $118.98. The firm has a market cap of $8.01 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. The firm had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. During the same period last year, the business posted $2.35 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts predict that Ryman Hospitality Properties will post 9.23 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 117.36%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.