Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $116.14.

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a 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 for the company in a research report on Thursday, May 30th. Wells Fargo & Company decreased their price target 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. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 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, with a total value of $789,769.06. Following the completion of the acquisition, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, 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. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $213,000. Norges Bank bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $57,580,000. PNC Financial Services Group Inc. increased its stake in shares of Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 137 shares during the period. UBS Group AG raised its position in shares of Ryman Hospitality Properties by 70.6% during the fourth quarter. UBS Group AG now owns 88,069 shares of the real estate investment trust’s stock worth $9,693,000 after acquiring an additional 36,456 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Ryman Hospitality Properties by 3.5% during the fourth quarter. US Bancorp DE now owns 6,082 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 204 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Up 0.8 %

Shares of RHP opened at $109.77 on Monday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50-day simple moving average of $101.63 and a 200-day simple moving average of $104.87. Ryman Hospitality Properties has a 52 week low of $79.86 and a 52 week high of $122.91. The firm has a market capitalization of $6.57 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

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