Ryman Hospitality Properties (NYSE:RHP) Given New $115.00 Price Target at Cantor Fitzgerald

Ryman Hospitality Properties (NYSE:RHP) had its price objective raised by Cantor Fitzgerald from $108.00 to $115.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on the company. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Evercore reiterated an “outperform” rating and set a $115.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.82.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $98.34 on Tuesday. Ryman Hospitality Properties has a 1 year low of $76.27 and a 1 year high of $105.75. The company’s 50 day simple moving average is $97.26 and its 200 day simple moving average is $95.03. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.64 and a beta of 1.18. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given 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 is presently 127.66%.

Institutional Trading of Ryman Hospitality Properties

Institutional investors have recently added to or reduced their stakes in the business. First Dallas Securities Inc. increased its position in shares of Ryman Hospitality Properties by 103.9% in the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 13,275 shares in the last quarter. Bayforest Capital Ltd bought a new position in Ryman Hospitality Properties during the third quarter worth about $776,000. Centersquare Investment Management LLC grew its stake in Ryman Hospitality Properties by 37.3% in the third quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock valued at $4,712,000 after acquiring an additional 14,296 shares during the period. Strs Ohio grew its stake in Ryman Hospitality Properties by 23.3% in the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock valued at $10,242,000 after acquiring an additional 21,600 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ryman Hospitality Properties in the second quarter worth about $344,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.