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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $122.2727.

Several research firms have commented on RHP. Cantor Fitzgerald upped their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Truist Financial upped their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th.

Ryman Hospitality Properties Stock Down 0.1%

RHP opened at $122.67 on Wednesday. The business has a 50 day moving average price of $107.68 and a two-hundred day moving average price of $100.05. 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 $7.74 billion, a PE ratio of 32.37, a P/E/G ratio of 2.49 and a beta of 1.22. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $123.35.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently modified their holdings of the business. Hamlin Capital Management LLC grew its holdings in shares of Ryman Hospitality Properties by 10.5% in the 3rd quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock worth $88,513,000 after acquiring an additional 93,490 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Ryman Hospitality Properties by 37.3% in the 3rd quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock worth $4,712,000 after acquiring an additional 14,296 shares during the period. Jain Global LLC grew its holdings in shares of Ryman Hospitality Properties by 143.9% in the 3rd quarter. Jain Global LLC now owns 169,432 shares of the real estate investment trust’s stock worth $15,179,000 after acquiring an additional 99,967 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Ryman Hospitality Properties by 30.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 266,467 shares of the real estate investment trust’s stock worth $23,873,000 after acquiring an additional 61,955 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 206.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 39,141 shares of the real estate investment trust’s stock worth $3,507,000 after acquiring an additional 26,370 shares during the period. 94.48% of the stock is owned by hedge funds and other 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.