Barclays Issues Positive Forecast for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP) had its price target hoisted by Barclays from $109.00 to $110.00 in a research report report published on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. JPMorgan Chase & Co. cut their price target on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Truist Financial lifted their price target on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Finally, Cantor Fitzgerald lifted their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.27.

Ryman Hospitality Properties Price Performance

RHP stock opened at $93.67 on Tuesday. The firm has a 50 day moving average of $96.22 and a 200-day moving average of $94.10. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $105.75. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.79 and a beta of 1.19.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 127.66%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 269 shares during the last quarter. Global Retirement Partners LLC raised its stake in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $28,000. Hantz Financial Services Inc. raised its stake in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds 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.