Ryman Hospitality Properties (NYSE:RHP) Reaches New 1-Year High – What’s Next?

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $118.82 and last traded at $118.5190, with a volume of 78441 shares traded. The stock had previously closed at $117.06.

Analyst Ratings Changes

RHP has been the subject of several analyst reports. Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $120.33.

Ryman Hospitality Properties Trading Up 1.8%

The company has a market cap of $7.52 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.76 and a beta of 1.22. 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 firm’s 50-day moving average price is $104.82 and its 200 day moving average price is $99.01.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given 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 dividend yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its position in shares of Ryman Hospitality Properties by 2,241.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 269 shares during the period. Hantz Financial Services Inc. grew its position in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares during the period. International Assets Investment Management LLC grew its position in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares during the period. Finally, Global Retirement Partners LLC grew its position in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds 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.