Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $110.00
by Amy Steele · The Cerbat GemRyman Hospitality Properties (NYSE:RHP – Free Report) had its target price increased by Barclays from $109.00 to $110.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.
RHP has been the topic of several other reports. JPMorgan Chase & Co. lowered their price target on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, January 16th. Finally, Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.40.
Get Our Latest Research Report on RHP
Ryman Hospitality Properties Stock Up 1.6%
Shares of RHP stock opened at $98.45 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. Ryman Hospitality Properties has a 1 year low of $81.05 and a 1 year high of $105.75. The firm’s fifty day moving average price is $96.36 and its two-hundred day moving average price is $94.15. The firm has a market capitalization of $6.21 billion, a P/E ratio of 26.18, a PEG ratio of 1.86 and a beta of 1.19.
Ryman Hospitality Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 127.66%.
Institutional Trading of Ryman Hospitality Properties
Several hedge funds and other institutional investors have recently modified their holdings of RHP. Royal Bank of Canada boosted its holdings in shares of Ryman Hospitality Properties by 44.1% during the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after buying an additional 12,169 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 7,610 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after buying an additional 63,507 shares during the period. Jane Street Group LLC boosted its holdings in shares of 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 period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of 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 period. Institutional investors own 94.48% of the company’s stock.
About Ryman Hospitality Properties
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.