Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $118.00.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on 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 upped their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System raised its stake in Ryman Hospitality Properties by 3.0% during the 1st quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 152 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in Ryman Hospitality Properties during the 1st quarter worth $207,000. State of Alaska Department of Revenue raised its stake in Ryman Hospitality Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock worth $3,191,000 after buying an additional 174 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Ryman Hospitality Properties by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,255 shares of the real estate investment trust’s stock worth $608,000 after buying an additional 451 shares during the period. Finally, Diversified Trust Co raised its stake in shares of Ryman Hospitality Properties by 7.0% in the 1st quarter. Diversified Trust Co now owns 7,288 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 479 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.9 %

RHP stock opened at $106.96 on Friday. The business has a fifty day moving average price of $114.76 and a 200 day moving average price of $106.64. Ryman Hospitality Properties has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 0.76 and a beta of 1.57. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97.

Ryman Hospitality Properties Dividend Announcement

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

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.