Ryman Hospitality Properties (NYSE:RHP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ryman Hospitality Properties (NYSE:RHP – Get Rating) in a research note published on Thursday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on RHP. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ryman Hospitality Properties from $126.00 to $120.00 and set a buy rating for the company in a report on Monday, February 27th. TheStreet raised shares of Ryman Hospitality Properties from a c rating to a b- rating in a report on Friday, February 24th. Finally, Raymond James lifted their price objective on shares of Ryman Hospitality Properties from $95.00 to $100.00 and gave the company an outperform rating in a report on Friday, December 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of Moderate Buy and an average target price of $106.80.

Ryman Hospitality Properties Trading Down 4.1 %

NYSE:RHP opened at $84.44 on Thursday. Ryman Hospitality Properties has a 12 month low of $70.46 and a 12 month high of $101.19. The firm has a fifty day simple moving average of $90.26 and a 200-day simple moving average of $86.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 29.85. The company has a market capitalization of $4.66 billion, a P/E ratio of 37.04 and a beta of 1.56.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a dividend of $0.75 per share. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.25. This represents a $3.00 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, March 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 43.86%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several large investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in Ryman Hospitality Properties by 36.3% during the 2nd quarter. FMR LLC now owns 3,139,745 shares of the real estate investment trust’s stock worth $238,715,000 after buying an additional 836,292 shares during the period. State Street Corp increased its position in shares of Ryman Hospitality Properties by 14.6% in the 1st quarter. State Street Corp now owns 2,640,373 shares of the real estate investment trust’s stock valued at $244,947,000 after purchasing an additional 336,493 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Ryman Hospitality Properties by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock valued at $192,155,000 after purchasing an additional 287,880 shares during the last quarter. Deutsche Bank AG increased its position in shares of Ryman Hospitality Properties by 3.8% in the 4th quarter. Deutsche Bank AG now owns 1,642,521 shares of the real estate investment trust’s stock valued at $134,325,000 after purchasing an additional 60,869 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Ryman Hospitality Properties by 5.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,574,300 shares of the real estate investment trust’s stock valued at $128,747,000 after purchasing an additional 81,158 shares during the last quarter. 92.80% of the stock is owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

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Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.