Ryman Hospitality Properties (NYSE:RHP) Reaches New 12-Month High – Here’s Why

Ryman Hospitality Properties, Inc. (NYSE:RHP) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $126.58 and last traded at $125.2220, with a volume of 413779 shares changing hands. The stock had previously closed at $125.15.

Analyst Ratings Changes

RHP has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. BMO Capital Markets reiterated an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Finally, Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.27.

Ryman Hospitality Properties Stock Performance

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 50 day moving average of $111.18 and a 200 day moving average of $101.26. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.54 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC boosted its stake in Ryman Hospitality Properties by 2.0% during the 1st quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 111 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the last quarter. Norinchukin Bank The grew its stake in Ryman Hospitality Properties by 4.2% in the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 119 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Ryman Hospitality Properties by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after purchasing an additional 124 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in Ryman Hospitality Properties by 3.1% in the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 132 shares during the last quarter. Institutional investors 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.