Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $111.00

Ryman Hospitality Properties (NYSE:RHP) had its price objective upped by JPMorgan Chase & Co. from $110.00 to $111.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley raised Ryman Hospitality Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $88.00 to $105.00 in a research note on Friday, April 10th. Evercore reissued an “outperform” rating and issued a $115.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $109.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $115.00.

Ryman Hospitality Properties Stock Up 0.5%

RHP opened at $100.66 on Tuesday. The stock has a market cap of $6.35 billion, a PE ratio of 26.77, a P/E/G ratio of 1.91 and a beta of 1.19. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $105.75. The business’s fifty day simple moving average is $97.16 and its 200 day simple moving average is $94.83.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 127.66%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RHP. Cornerstone Planning Group LLC grew its stake in shares of Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Ryman Hospitality Properties by 283.1% during the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 172 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 209 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

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.