Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $126.17 Average Price Target from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $126.17.

A number of analysts recently issued reports on RHP shares. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. Truist Financial increased their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price for the company.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $98.48 on Thursday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.71 and a beta of 1.67. The firm’s 50 day simple moving average is $104.26 and its 200 day simple moving average is $106.95. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties has a fifty-two week low of $93.76 and a fifty-two week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. As a group, sell-side analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.67%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds have recently made changes to their positions in RHP. Quarry LP bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 218 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 443 shares during 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.