Ryman Hospitality Properties (NYSE:RHP) Reaches New 1-Year High – Here’s Why

Ryman Hospitality Properties, Inc. (NYSE:RHP) hit a new 52-week high on Monday . The company traded as high as $133.44 and last traded at $131.5060, with a volume of 244 shares traded. The stock had previously closed at $132.13.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RHP shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their price target 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. Barclays raised their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Stock Down 0.1%

The stock has a fifty day moving average price of $113.40 and a two-hundred day moving average price of $102.30. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 2.68 and a beta of 1.22. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in shares of Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the period. Global Retirement Partners LLC increased its stake in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. Geneos Wealth Management Inc. raised its holdings in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $28,000. 94.48% of the stock is owned by 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.