Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Rating of “Moderate Buy” by Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been given an average rating of “Moderate Buy” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $110.1818.

Several equities analysts recently issued reports on RHP shares. JPMorgan Chase & Co. reduced their price target on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 target price on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Morgan Stanley set a $88.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, January 16th. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Finally, Evercore reissued an “outperform” rating and issued a $115.00 price target on shares of Ryman Hospitality Properties in a report on Friday, February 6th.

Ryman Hospitality Properties Trading Down 4.1%

Shares of RHP opened at $98.64 on Monday. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $105.75. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.61 and a beta of 1.18. The firm has a 50 day moving average price of $97.18 and a 200-day moving average price of $94.98. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.80 annualized dividend and a dividend yield of 4.9%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 127.66%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after buying an additional 166,293 shares during the period. State Street Corp boosted its holdings in Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares in the last quarter. Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after purchasing an additional 11,591 shares during the period. Cooke & Bieler LP increased its position in Ryman Hospitality Properties by 12.8% during the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after purchasing an additional 142,206 shares during the period. Finally, American Century Companies Inc. raised its holdings in Ryman Hospitality Properties by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after purchasing an additional 144,870 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.