Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Rating of “Moderate Buy” by Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $122.2727.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Barclays raised their price objective on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st.

Ryman Hospitality Properties Price Performance

RHP stock opened at $127.76 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a market capitalization of $8.06 billion, a PE ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.20. Ryman Hospitality Properties has a 12-month low of $83.82 and a 12-month high of $132.41. The business’s fifty day moving average price is $116.01 and its 200 day moving average price is $103.40.

Ryman Hospitality Properties Announces Dividend

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

Institutional Trading of Ryman Hospitality Properties

Large investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at $185,000. Segall Bryant & Hamill LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter worth $680,000. Janus Henderson Group PLC grew its stake in Ryman Hospitality Properties by 5.0% during the 1st quarter. Janus Henderson Group PLC now owns 297,426 shares of the real estate investment trust’s stock worth $27,447,000 after purchasing an additional 14,152 shares in the last quarter. Amundi increased its holdings in Ryman Hospitality Properties by 13.0% during the 1st quarter. Amundi now owns 46,843 shares of the real estate investment trust’s stock worth $4,322,000 after purchasing an additional 5,400 shares during the period. Finally, Adelante Capital Management LLC increased its holdings in Ryman Hospitality Properties by 18.7% during the 1st quarter. Adelante Capital Management LLC now owns 218,849 shares of the real estate investment trust’s stock worth $20,193,000 after purchasing an additional 34,451 shares during the period. Hedge funds and other 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.