Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $126.58 and last traded at $125.2220, with a volume of 413779 shares changing hands. The stock had previously closed at $125.15.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Truist Financial raised their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Raymond James Financial reissued an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Weiss Ratings downgraded shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.27.
Get Our Latest Research Report on Ryman Hospitality Properties
Ryman Hospitality Properties Stock Up 0.1%
Ryman Hospitality Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.
Hedge Funds Weigh In On Ryman Hospitality Properties
Several institutional investors have recently modified their holdings of RHP. Global Retirement Partners LLC increased its holdings in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. International Assets Investment Management LLC boosted its stake in Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares during the period. Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth about $28,000. Caitong International Asset Management Co. Ltd grew its position in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing 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.
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