Ryman Hospitality Properties (NYSE:RHP) Given New $129.00 Price Target at JPMorgan Chase & Co.

Ryman Hospitality Properties (NYSE:RHP) had its target price increased by JPMorgan Chase & Co. from $113.00 to $129.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. Barclays boosted their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. BMO Capital Markets restated an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Finally, Cantor Fitzgerald upped their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.10.

Ryman Hospitality Properties Stock Up 1.7%

Ryman Hospitality Properties stock opened at $130.05 on Tuesday. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $132.41. The stock has a fifty day moving average of $120.85 and a 200 day moving average of $105.88. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $8.21 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $1.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.7%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in shares of Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the period. Global Retirement Partners LLC raised its stake in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $28,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

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.