Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $122.2727.

A number of brokerages recently issued reports on RHP. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Barclays increased their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research report on Monday, June 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RHP. Norges Bank bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at $48,036,000. Invesco Ltd. raised its holdings in Ryman Hospitality Properties by 184.9% in the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock valued at $66,261,000 after acquiring an additional 479,990 shares during the period. Balyasny Asset Management L.P. bought a new position in Ryman Hospitality Properties in the 3rd quarter valued at about $30,975,000. Qube Research & Technologies Ltd bought a new position in shares of Ryman Hospitality Properties during the third quarter worth approximately $18,161,000. Finally, UBS Group AG lifted its holdings in Ryman Hospitality Properties by 116.3% during the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock worth $33,252,000 after purchasing an additional 199,556 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $123.91 on Wednesday. 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 $7.82 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.49 and a beta of 1.22. The business has a 50 day simple moving average of $108.88 and a 200 day simple moving average of $100.43. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $124.70.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

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.