Analysts Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $118.00

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $118.00.

Several research firms have recently weighed in on RHP. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Truist Financial lifted their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Raymond James increased their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $107.06 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The company’s fifty day simple moving average is $114.58 and its 200 day simple moving average is $107.10. Ryman Hospitality Properties has a 1-year low of $79.86 and a 1-year high of $122.91. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 0.75 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.11%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Insiders Place Their Bets

In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after purchasing an additional 216,137 shares during the period. FMR LLC raised its position in shares of Ryman Hospitality Properties by 2.9% in the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after buying an additional 114,451 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Ryman Hospitality Properties by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock valued at $142,669,000 after buying an additional 93,082 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after acquiring an additional 62,322 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ryman Hospitality Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock worth $87,305,000 after acquiring an additional 11,490 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

About Ryman Hospitality Properties

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.