Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $116.14 Average Price Target from Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $116.14.

A number of brokerages have recently commented on RHP. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Truist Financial reduced their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 30th. Finally, Wells Fargo & Company cut 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 report on Friday, September 13th.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,077 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock worth $29,000 after buying an additional 262 shares during the period. SYSTM Wealth Solutions LLC bought a new position in Ryman Hospitality Properties in the 2nd quarter worth $32,000. Quest Partners LLC increased its stake in Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after buying an additional 338 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in Ryman Hospitality Properties during the first quarter valued at about $35,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Up 0.4 %

Shares of RHP traded up $0.49 on Monday, reaching $110.26. The stock had a trading volume of 577,556 shares, compared to its average volume of 451,935. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.66. 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 12-month low of $79.86 and a 12-month 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.99%. Ryman Hospitality Properties's dividend payout ratio is presently 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.