Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $116.14.

Several research analysts have recently issued reports on RHP shares. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Truist Financial reduced their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Colin V. Reed bought 8,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. raised its holdings in Ryman Hospitality Properties by 58.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,514 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 560 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at $312,000. Duff & Phelps Investment Management Co. grew its holdings in shares of Ryman Hospitality Properties by 24.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust’s stock worth $55,157,000 after purchasing an additional 110,027 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Ryman Hospitality Properties by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 41,488 shares of the real estate investment trust’s stock worth $4,143,000 after purchasing an additional 500 shares during the period. Finally, Employees Retirement System of Texas raised its stake in Ryman Hospitality Properties by 116.9% in the second quarter. Employees Retirement System of Texas now owns 20,412 shares of the real estate investment trust’s stock valued at $2,038,000 after purchasing an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $109.77 on Monday. The firm’s 50 day moving average price is $101.63 and its two-hundred day moving average price is $104.87. The stock has a market cap of $6.57 billion, a PE ratio of 22.73, a PEG ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.01%. Ryman Hospitality Properties’s dividend payout ratio is 91.10%.

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.