Ryman Hospitality Properties (NYSE:RHP) Price Target Lowered to $115.00 at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP) had its price objective decreased by Wells Fargo & Company from $127.00 to $115.00 in a research report report published on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Truist Financial decreased their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating for the company in a research note on Thursday, May 30th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a sell rating to a hold rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $116.14.

Ryman Hospitality Properties Stock Down 0.5 %

Shares of Ryman Hospitality Properties stock opened at $101.00 on Friday. Ryman Hospitality Properties has a 1 year low of $79.86 and a 1 year high of $122.91. The company has a market cap of $6.05 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.11 and a beta of 1.66. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a 50-day moving average price of $101.11 and a 200 day moving average price of $105.21.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 4.36%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 219 shares during the period. Parallel Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth $32,000. Quest Partners LLC grew its stake in Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 338 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in Ryman Hospitality Properties in the 1st quarter worth $35,000. 94.48% of the stock is owned by institutional investors.

About Ryman Hospitality Properties

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.