Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $112.00 Average Price Target from Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $112.00.

Several research analysts have weighed in on RHP shares. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Jefferies Financial Group lowered their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Truist Financial decreased their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Ryman Hospitality Properties in the first quarter worth about $8,214,000. Geneos Wealth Management Inc. lifted its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after buying an additional 209 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Ryman Hospitality Properties by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust's stock worth $3,169,000 after buying an additional 6,842 shares during the last quarter. Jane Street Group LLC lifted its holdings in Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust's stock worth $3,307,000 after buying an additional 27,267 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Ryman Hospitality Properties by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 579,834 shares of the real estate investment trust's stock worth $53,020,000 after buying an additional 6,209 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 1.2%

Shares of NYSE RHP traded up $1.12 during mid-day trading on Friday, reaching $98.07. 148,203 shares of the company's stock were exchanged, compared to its average volume of 643,271. The company's 50-day moving average is $91.03 and its 200-day moving average is $100.07. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $121.77. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same quarter last year, the company earned $1.60 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's payout ratio is 97.46%.

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.