Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $118.29 Consensus PT from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $118.29.

Several equities analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd.

Insider Activity

In other Ryman Hospitality Properties news, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average price of $100.28 per share, with a total value of $999,992.16. Following the acquisition, the director now owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now owns 4,973 shares in the company, valued at $526,839.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of $100.28 per share, with a total value of $999,992.16. Following the transaction, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $27,000. Parallel Advisors LLC grew its holdings in shares of Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at about $35,000. Signaturefd LLC lifted its stake in shares of Ryman Hospitality Properties by 518.9% in the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 275 shares in the last quarter. Finally, Covestor Ltd boosted its position in Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 163 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Up 1.0 %

Shares of RHP stock opened at $99.62 on Friday. Ryman Hospitality Properties has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The firm has a market capitalization of $5.97 billion, a PE ratio of 20.63, a P/E/G ratio of 2.08 and a beta of 1.62. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The stock’s 50-day simple moving average is $104.24 and its 200-day simple moving average is $110.13.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s payout ratio is currently 91.10%.

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.