Ryman Hospitality Properties (NYSE:RHP) Reaches New 52-Week High – What’s Next?

Ryman Hospitality Properties, Inc. (NYSE:RHP)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $137.46 and last traded at $135.5180, with a volume of 510183 shares. The stock had previously closed at $135.99.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald upped their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Morgan Stanley raised their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Truist Financial boosted their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.10.

Ryman Hospitality Properties Stock Performance

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 business has a 50 day moving average price of $124.77 and a two-hundred day moving average price of $107.99. The company has a market cap of $8.44 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.6%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently made changes to their positions in RHP. Royal Bank of Canada increased its stake in shares of Ryman Hospitality Properties by 44.1% in 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 buying an additional 12,169 shares during the period. AQR Capital Management LLC boosted its position 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 buying an additional 7,610 shares during the period. Goldman Sachs Group Inc. boosted its position in Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after buying an additional 63,507 shares during the period. Jane Street Group LLC grew its holdings in Ryman Hospitality Properties by 306.5% in the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after acquiring an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during 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.