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

Ryman Hospitality Properties, Inc. (NYSE:RHP) shares hit a new 52-week high on Thursday . The company traded as high as $121.56 and last traded at $118.8990, with a volume of 562210 shares changing hands. The stock had previously closed at $120.39.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Raymond James Financial reiterated an “outperform” rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a report on Monday. Cantor Fitzgerald lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley lifted their price objective 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. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.80.

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 firm has a market cap of $7.50 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22. The firm’s fifty day moving average price is $106.49 and its 200 day moving average price is $99.65.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 4.0%. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Inspire Investing LLC raised its stake in shares of Ryman Hospitality Properties by 2.0% during the 1st quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 111 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $27,000 after purchasing an additional 113 shares in the last quarter. Norinchukin Bank The increased its stake in Ryman Hospitality Properties by 4.2% during the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 119 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Ryman Hospitality Properties by 0.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock valued at $2,980,000 after purchasing an additional 124 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in Ryman Hospitality Properties by 3.1% during the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 132 shares in the last quarter. 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.