Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $116.14

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $119.17.

RHP has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

Ryman Hospitality Properties Trading Up 0.4 %

NYSE RHP opened at $109.37 on Monday. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $6.55 billion, a P/E ratio of 22.64, a PEG ratio of 2.34 and a beta of 1.66. The firm’s 50-day moving average is $102.28 and its two-hundred day moving average is $104.72. Ryman Hospitality Properties has a 12 month low of $80.67 and a 12 month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Colin V. Reed purchased 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, for a total transaction of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in Ryman Hospitality Properties by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 137 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock valued at $3,829,000 after acquiring an additional 138 shares during the period. New York State Teachers Retirement System raised its position in Ryman Hospitality Properties by 3.0% in the 1st quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 152 shares during the last quarter. Xponance Inc. boosted its stake in Ryman Hospitality Properties by 4.6% during the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 162 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Ryman Hospitality Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock worth $3,191,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.