Ryman Hospitality Properties (NYSE:RHP) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Ryman Hospitality Properties (NYSE:RHP) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Cantor Fitzgerald increased their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Barclays upped their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Finally, Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $127.10.

Ryman Hospitality Properties Price Performance

RHP stock opened at $132.99 on Thursday. The company has a market capitalization of $8.39 billion, a P/E ratio of 35.09, a PEG ratio of 2.39 and a beta of 1.20. The company has a fifty day moving average price of $122.35 and a 200-day moving average price of $106.56. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $133.75.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.65%.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in shares of Ryman Hospitality Properties by 0.6% in the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after acquiring an additional 20,756 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 in the last quarter. Cooke & Bieler LP boosted its position in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ryman Hospitality Properties by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock worth $109,381,000 after purchasing an additional 33,120 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Ryman Hospitality Properties by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock worth $84,251,000 after purchasing an additional 18,614 shares during the period. 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.