Ryman Hospitality Properties (NYSE:RHP) Reaches New 1-Year High – What’s Next?

Ryman Hospitality Properties, Inc. (NYSE:RHP) hit a new 52-week high on Friday . The stock traded as high as $133.00 and last traded at $132.3440, with a volume of 119306 shares. The stock had previously closed at $128.89.

Analyst Ratings Changes

RHP has been the topic of several recent research reports. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price 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. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Finally, Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.10.

Ryman Hospitality Properties Price Performance

The stock’s fifty day moving average price is $121.78 and its 200-day moving average price is $106.37. 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 firm has a market cap of $8.42 billion, a PE ratio of 35.21, a P/E/G ratio of 2.35 and a beta of 1.20.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 126.65%.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 12,169 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Ryman Hospitality Properties by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after acquiring an additional 63,507 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after purchasing an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% in 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. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.