Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $129.00

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

Several other brokerages have also weighed in on RHP. Morgan Stanley raised their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Raymond James Financial restated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Finally, Cantor Fitzgerald boosted 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average target price of $127.10.

Ryman Hospitality Properties Trading Down 1.5%

Shares of RHP opened at $128.82 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 50-day moving average price of $121.78 and a 200 day moving average price of $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 company has a market capitalization of $8.13 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.35 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. Investors of record on Tuesday, June 30th were issued a $1.20 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.7%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 grew its stake in shares of Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $28,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

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.