Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned a consensus rating of “Moderate Buy” by twelve analysts currently covering the firm, according to Marketbeat.com. This rating reflects a mix of opinions, with two analysts recommending a hold and ten advocating for a buy. The average target price over the next year stands at approximately $110.82.
Analysts have recently provided updates on Ryman’s stock. On January 28, Weiss Ratings reaffirmed a “hold (c)” rating. Following this, on February 3, JPMorgan Chase & Co. adjusted their target price from $113.00 to $111.00, maintaining an “overweight” rating. In an optimistic shift, Cantor Fitzgerald raised their target from $108.00 to $115.00 in a March 3 report. Conversely, Morgan Stanley set a more conservative target of $88.00 back on January 16. Additionally, Truist Financial increased their target price from $120.00 to $121.00, labeling the stock as a buy on December 4.
The stock opened at $96.06 on Monday, reflecting a downward movement of 2.5%. Currently, the company boasts a market capitalization of $6.05 billion, a price-to-earnings (P/E) ratio of 25.55, and a beta of 1.18. Financial metrics indicate a current ratio and quick ratio of 1.46, alongside a debt-to-equity ratio of 5.04. Over the past year, Ryman’s stock has fluctuated between a low of $76.27 and a high of $105.75. The fifty-day and two-hundred-day simple moving averages are currently at $97.29 and $95.10, respectively.
In addition to stock performance, Ryman Hospitality Properties has announced a quarterly dividend. Shareholders of record as of March 31, 2024, will receive a dividend of $1.20 per share, payable on April 15, 2024. This amounts to an annualized dividend of $4.80 and results in a dividend yield of 5.0%. The company’s dividend payout ratio currently stands at 127.66%.
Ryman Hospitality Properties operates as a publicly traded real estate investment trust (REIT) that focuses on large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, which offers a blend of resort, convention, entertainment, and dining experiences through long-term management 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.
With a solid foundation and diverse offerings, Ryman Hospitality Properties continues to attract interest from investors and analysts alike, positioning itself for potential growth in the competitive hospitality sector.
