Ryman Hospitality Properties (NYSE:RHP) Hits New 1-Year High – Here’s Why

by · The Markets Daily

Ryman Hospitality Properties, Inc. (NYSE:RHPGet Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as $118.82 and last traded at $118.5190, with a volume of 78441 shares. The stock had previously closed at $117.06.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RHP shares. Barclays upped their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Morgan Stanley upped their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.33.

View Our Latest Stock Analysis on RHP

Ryman Hospitality Properties Stock Up 1.9%

The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $7.53 billion, a PE ratio of 31.47, a P/E/G ratio of 2.64 and a beta of 1.22. The business has a 50-day moving average of $104.27 and a 200 day moving average of $98.87.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Ryman Hospitality Properties by 44.1% in the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after acquiring an additional 12,169 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after acquiring an additional 63,507 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Ryman Hospitality Properties by 306.5% in the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after acquiring an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

(Get Free Report)

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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