Ryman Hospitality Properties, Inc. (NYSE: RHP) has received a consensus rating of “Moderate Buy” from twelve analysts currently covering the firm, according to Marketbeat.com. Among these analysts, two have assigned a hold rating, while ten have recommended buying the stock. The average target price over the next year is estimated at $110.82.
Analysts have provided various insights regarding Ryman’s stock performance. Weiss Ratings reaffirmed a “hold (c)” rating in a report released on January 28, 2024. Subsequently, on February 3, 2024, JPMorgan Chase & Co. adjusted their target price from $113.00 to $111.00, maintaining an “overweight” rating. In contrast, Cantor Fitzgerald increased its price target from $108.00 to $115.00 in a report dated March 3, 2024. Meanwhile, Morgan Stanley set a price objective of $88.00 on January 16, 2024. Finally, Truist Financial raised its target price from $120.00 to $121.00, also issuing a “buy” rating on December 4, 2023.
Recent Trading Activity
As of Monday, shares of Ryman Hospitality Properties opened at $96.06. The company boasts a market capitalization of $6.05 billion and a price-to-earnings (P/E) ratio of 25.55. The P/E growth ratio stands at 1.84, and the stock has a beta of 1.18. Additional financial metrics include a current ratio of 1.46, a quick ratio of 1.46, and a debt-to-equity ratio of 5.04. Over the past year, Ryman’s shares have experienced a low of $76.27 and a high of $105.75. The company’s fifty-day simple moving average is $97.29, while the 200-day average is $95.10.
Dividend Announcement
Ryman Hospitality Properties recently announced a quarterly dividend, which will be distributed on April 15, 2024. Shareholders of record on March 31, 2024, will receive a dividend of $1.20 per share. The ex-dividend date is also March 31, 2024. This dividend represents an annualized total of $4.80 and a yield of 5.0%. Notably, the company’s dividend payout ratio is reported at 127.66%.
Ryman Hospitality Properties, Inc. operates as a publicly traded real estate investment trust (REIT) specializing in the ownership and management of large convention center hotel resorts. Central to its portfolio is the Gaylord Hotels brand, which offers integrated experiences in resort, convention, entertainment, and dining sectors under long-term agreements with Marriott International. Key properties include the Gaylord Opryland Resort & Convention Center in Nashville, the Gaylord Texan Resort & Convention Center near Dallas/Fort Worth, and the Gaylord Palms Resort & Convention Center in Orlando, Florida.
As Ryman Hospitality continues to navigate the evolving market landscape, its performance remains closely monitored by investors and analysts alike.
