Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $118.29 Average PT from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $118.29.

RHP has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Monday, July 8th. Finally, Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $101.18 on Wednesday. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm’s 50-day moving average is $101.88 and its two-hundred day moving average is $109.27. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a market capitalization of $6.06 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.10 and a beta of 1.64.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the transaction, the director now directly owns 22,790 shares in the company, valued at $2,285,381.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryman Hospitality Properties news, Director William E. Haslam purchased 9,972 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares in the company, valued at $2,285,381.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christine Pantoya sold 1,491 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the transaction, the director now directly owns 4,973 shares in the company, valued at approximately $526,839.62. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently made changes to their positions in RHP. Knights of Columbus Asset Advisors LLC increased its position in Ryman Hospitality Properties by 98.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,772 shares of the real estate investment trust’s stock worth $10,431,000 after buying an additional 47,077 shares in the last quarter. Jump Financial LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth about $1,772,000. Nordea Investment Management AB raised its stake in Ryman Hospitality Properties by 13.0% in the 1st quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock valued at $9,249,000 after purchasing an additional 9,174 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ryman Hospitality Properties by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock valued at $87,305,000 after purchasing an additional 11,490 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Ryman Hospitality Properties by 646.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,412 shares of the real estate investment trust’s stock worth $2,129,000 after purchasing an additional 15,945 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.