Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $111.18 Consensus PT from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $111.1818.

Several research analysts have issued reports on RHP shares. Barclays set a $109.00 price target on Ryman Hospitality Properties in a report on Tuesday, January 13th. Truist Financial upped their target price on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research note on Friday, January 16th. Finally, Cantor Fitzgerald raised their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Ryman Hospitality Properties in the second quarter valued at about $56,123,000. Invesco Ltd. boosted its holdings in Ryman Hospitality Properties by 184.9% during the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after purchasing an additional 479,990 shares during the last quarter. GRS Advisors LLC bought a new stake in Ryman Hospitality Properties in the 2nd quarter worth about $39,171,000. Balyasny Asset Management L.P. purchased a new stake in Ryman Hospitality Properties in the 3rd quarter valued at about $30,975,000. Finally, Daiwa Securities Group Inc. increased its stake in Ryman Hospitality Properties by 34.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 899,139 shares of the real estate investment trust’s stock valued at $88,718,000 after buying an additional 232,632 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $90.47 on Friday. The firm has a market capitalization of $5.70 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.74 and a beta of 1.18. The firm’s 50-day moving average price is $96.54 and its 200-day moving average price is $94.38. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $105.75.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 127.66%.

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.