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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $124.70 and last traded at $123.4230, with a volume of 498318 shares traded. The stock had previously closed at $122.47.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.27.

Ryman Hospitality Properties Price Performance

The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The company has a fifty day moving average price of $110.08 and a two-hundred day moving average price of $100.82. The company has a market cap of $7.91 billion, a P/E ratio of 33.05, a PEG ratio of 2.48 and a beta of 1.22.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its position in 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 acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 172 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Ryman Hospitality Properties by 240.2% in the first 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 during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $28,000. 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.