Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $118.00.

RHP has been the subject of several analyst reports. Raymond James raised their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Truist Financial increased their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th.

Ryman Hospitality Properties Stock Down 0.9 %

RHP opened at $106.96 on Friday. The company has a 50 day moving average of $114.76 and a 200 day moving average of $106.64. The company has a market cap of $6.41 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.57. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 84.94%.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 11,548.3% in the 4th quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock worth $77,433,000 after purchasing an additional 697,516 shares during the period. Norges Bank purchased a new position in Ryman Hospitality Properties in the 4th quarter worth $57,580,000. Adage Capital Partners GP L.L.C. purchased a new position in Ryman Hospitality Properties in the 3rd quarter worth $21,653,000. Vanguard Group Inc. raised its position in Ryman Hospitality Properties by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after purchasing an additional 216,137 shares during the period. Finally, Heitman Real Estate Securities LLC raised its position in Ryman Hospitality Properties by 46.0% in the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after purchasing an additional 192,962 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.