Ryman Hospitality Properties (RHP) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

Several other research firms have also weighed in on RHP. ValuEngine upgraded shares of Ryman Hospitality Properties from a hold rating to a buy rating in a report on Wednesday, January 30th. SunTrust Banks reiterated a hold rating and issued a $76.00 price objective on shares of Ryman Hospitality Properties in a research note on Thursday, November 22nd. Finally, Raymond James upgraded shares of Ryman Hospitality Properties from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $91.00.

Ryman Hospitality Properties stock opened at $79.26 on Thursday. The firm has a market cap of $4.07 billion, a PE ratio of 14.26, a P/E/G ratio of 1.60 and a beta of 1.35. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.23 and a current ratio of 1.23. Ryman Hospitality Properties has a twelve month low of $64.36 and a twelve month high of $90.02.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Friday, December 28th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Thursday, December 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 61.15%.

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Ryman Hospitality Properties by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 738,814 shares of the real estate investment trust’s stock worth $61,433,000 after purchasing an additional 2,265 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of Ryman Hospitality Properties by 20.0% in the 2nd quarter. United Services Automobile Association now owns 11,319 shares of the real estate investment trust’s stock valued at $941,000 after purchasing an additional 1,885 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at $605,000. First Hawaiian Bank bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth about $478,000. Finally, Cambridge Trust Co. boosted its stake in Ryman Hospitality Properties by 5.3% during the 3rd quarter. Cambridge Trust Co. now owns 18,830 shares of the real estate investment trust’s stock valued at $1,623,000 after purchasing an additional 950 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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