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

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s stock price hit a new 52-week high during trading on Tuesday . The company 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Raymond James Financial restated an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. JPMorgan Chase & Co. lifted their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Cantor Fitzgerald raised their target price on 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Trading Up 4.6%

The stock has a market capitalization of $8.20 billion, a PE ratio of 34.27, a PEG ratio of 2.52 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. The business’s 50-day moving average is $112.21 and its two-hundred day moving average is $101.74.

Ryman Hospitality Properties Announces Dividend

The company also recently announced 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 is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. Ryman Hospitality Properties’s payout ratio is 126.65%.

Institutional Trading of Ryman Hospitality Properties

A number of large investors have recently made changes to their positions in RHP. International Assets Investment Management LLC increased its position in Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 236 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of 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 period. Geneos Wealth Management Inc. grew its position in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $28,000. 94.48% of the stock is owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

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.