Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $118.00.

Several brokerages recently weighed in on RHP. Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. raised Ryman Hospitality Properties from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $89.00 to $102.00 in a report on Thursday, December 14th. Raymond James increased their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Finally, Truist Financial increased their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, March 14th.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded up $0.38 during trading hours on Monday, hitting $115.99. The stock had a trading volume of 261,314 shares, compared to its average volume of 427,654. The firm has a market capitalization of $6.93 billion, a PE ratio of 22.36, a PEG ratio of 0.81 and a beta of 1.57. Ryman Hospitality Properties has a twelve month low of $79.86 and a twelve month high of $122.91. The stock's 50 day moving average is $115.54 and its 200 day moving average is $103.32. 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 27th. Ryman Hospitality Properties's dividend payout ratio is currently 84.94%.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of the firm's 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 completion of the transaction, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Ryman Hospitality Properties by 22.8% in the third quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust's stock valued at $6,148,000 after buying an additional 13,566 shares in the last quarter. Reinhart Partners LLC. increased its position in Ryman Hospitality Properties by 9.6% during the 4th quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust's stock worth $48,183,000 after purchasing an additional 38,270 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ryman Hospitality Properties during the 3rd quarter worth about $700,000. Mirabella Financial Services LLP purchased a new stake in Ryman Hospitality Properties during the 3rd quarter worth about $421,000. Finally, Swiss National Bank increased its position in Ryman Hospitality Properties by 9.1% during the 3rd quarter. Swiss National Bank now owns 124,600 shares of the real estate investment trust's stock worth $10,377,000 after purchasing an additional 10,400 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

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.