Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Ryman a consensus rating of "Moderate Buy" from 12 firms (10 buys, 2 holds) with an average 12‑month target of about $111 and several recent target increases (e.g., Cantor Fitzgerald to $115, Deutsche Bank $131).
• Ryman declared a quarterly dividend of $1.20 ($4.80 annualized) representing a 5.2% yield (ex‑dividend Mar 31, payable Apr 15), though the payout ratio is elevated at 127.66%.
• The stock opened at $92.97, trading in a 12‑month range of $76.27–$105.75 with a market cap of $5.86B, P/E of 24.7 and significant leverage (debt‑to‑equity 5.04).

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $111.1818.

Several equities analysts recently weighed in on the company. Cantor Fitzgerald raised their price objective on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Barclays set a $109.00 target price on Ryman Hospitality Properties in a report on Tuesday, January 13th. Morgan Stanley set a $88.00 price target on Ryman Hospitality Properties in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $131.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Finally, Evercore reiterated an "outperform" rating and issued a $115.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, February 6th.

Ryman Hospitality Properties Price Performance

RHP stock opened at $92.97 on Friday. The firm has a 50 day moving average of $96.63 and a 200-day moving average of $94.53. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $105.75. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.77 and a beta of 1.18.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties's dividend payout ratio is 127.66%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Ryman Hospitality Properties in the 2nd quarter valued at approximately $56,123,000. Invesco Ltd. increased its position in Ryman Hospitality Properties by 184.9% during the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust's stock worth $66,261,000 after buying an additional 479,990 shares in the last quarter. GRS Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the second quarter worth $39,171,000. Balyasny Asset Management L.P. acquired a new position in shares of Ryman Hospitality Properties in the third quarter worth $30,975,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Ryman Hospitality Properties by 34.9% in the second quarter. Daiwa Securities Group Inc. now owns 899,139 shares of the real estate investment trust's stock valued at $88,718,000 after acquiring an additional 232,632 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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