Analysts Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $120.80

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $122.2727.

Several research firms have recently commented on RHP. Morgan Stanley lifted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Barclays lifted their price objective on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company lifted 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RHP. Hantz Financial Services Inc. increased its holdings in Ryman Hospitality Properties by 283.1% during 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 increased its holdings in Ryman Hospitality Properties by 437.0% during 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 increased its holdings in Ryman Hospitality Properties by 61.7% during 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. Global Retirement Partners LLC increased its holdings in Ryman Hospitality Properties by 155.0% during 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. Finally, Geneos Wealth Management Inc. increased its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 1.0%

RHP opened at $122.67 on Wednesday. The company has a market cap of $7.74 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.46 and a beta of 1.22. The business’s 50-day moving average price is $107.68 and its 200-day moving average price is $100.00. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $123.35.

Ryman Hospitality Properties Announces Dividend

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 issued a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.9%. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

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.