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Ryman Hospitality Real Estate (NYSE: RHP – Free Report) Wells Fargo raised their target price from $125.00 to $133.00 in a research note issued on Thursday morning, Benzinga reports. Wells Fargo currently has an Overweight rating on the real estate investment trust’s stock.
A number of other equities analysts also issued reports on the stock. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, March 14th. StockNews.com raised shares of Ryman Hospitality Properties from a sell rating to a hold rating in a research note on Friday, February 23rd. Raymond James raised their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Finally, J.P. Morgan upgraded shares of Ryman Hospitality Properties from an underweight rating to a neutral rating and raised their target price for the company from $89.00 to $102.00 in a research note on Thursday, December 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.00, according to MarketBeat.com.
View our latest report on RHP
Ryman Hotel Real Estate Stock Performance
RHP shares opened Thursday at $118.77. The company has a current ratio of 1.97, a quick ratio of 1.97, and a debt-to-equity ratio of 5.90. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 22.93, a price-to-earnings growth ratio of 0.82, and a beta of 1.57. The company’s 50-day simple moving average is $115.19 and its 200-day simple moving average is $101.87. Ryman Hospitality Properties has a 12 month low of $77.18 and a 12 month high of $122.91.
Lyman Hospitality Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will receive a dividend of $1.10. The ex-dividend date is Wednesday, March 27. This represents an annualized dividend of $4.40 and a dividend yield of 3.70%. Ryman Hospitality Properties’ payout ratio is 84.94%.
Activities within Ryman Hotel Group
In other news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The stock sold for an average price of $119.74, and the total transaction value was $1,938,470.86. Following the completion of the sale, the chief operating officer now directly holds 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed through the SEC’s website. Company insiders currently own 3.30% of the shares.
Institutional inflows and outflows
Institutional investors have recently increased or reduced their stakes in the business. KB Financial Partners LLC acquired a new position in Ryman Hospitality Properties during the first quarter worth $25,000. GAMMA Investing LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $27,000. Parallel Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000, after acquiring an additional 262 shares during the period. Lazard Asset Management LLC boosted its holdings in Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust worth $30,000, after purchasing an additional 287 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 275 shares during the last quarter. 91.23% of the shares are held by institutional investors.
About Ryman Hotel Real Estate
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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hotel real estate investment trust specializing in upscale convention center resorts and entertainment experiences. The company’s holdings include Gaylord Opryland Resort and Convention Center; Gaylord Palms Resort and Convention Center; Gaylord Texas Resort and Convention Center; Gaylord National Resort and Convention Center; Gaylord The Gaylord Rockies Resort & Convention Center is one of five of the seven largest non-gaming convention center hotels in the United States (based on total indoor meeting space).
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