Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $118.00 Consensus Target Price from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $118.00.

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Raymond James lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. raised shares of Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $89.00 to $102.00 in a research report on Thursday, December 14th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 14th.

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. grew its stake in Ryman Hospitality Properties by 2.6% in the 4th quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 91 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Ryman Hospitality Properties by 0.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock worth $1,482,000 after buying an additional 115 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Ryman Hospitality Properties by 4.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 115 shares in the last quarter. Mariner LLC boosted its stake in shares of Ryman Hospitality Properties by 1.1% in the 4th quarter. Mariner LLC now owns 12,009 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 129 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $114.13 on Monday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 0.81 and a beta of 1.57. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. Ryman Hospitality Properties has a 52 week low of $79.86 and a 52 week high of $122.91. The firm’s 50-day simple moving average is $115.75 and its two-hundred day simple moving average is $103.80.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

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.