Deutsche Bank Raises Ryman Hospitality Properties (RHP) Price Target to $98.00

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Ryman Hospitality Properties (NYSE:RHP) had its target price lifted by Deutsche Bank from $94.00 to $98.00 in a research report released on Monday morning. They currently have a buy rating on the real estate investment trust’s stock.

RHP has been the subject of several other research reports. Zacks Investment Research downgraded Ryman Hospitality Properties from a hold rating to a sell rating in a research report on Tuesday, January 29th. ValuEngine downgraded Ryman Hospitality Properties from a buy rating to a hold rating in a research report on Thursday, November 1st. SunTrust Banks reiterated a hold rating and issued a $76.00 price objective on shares of Ryman Hospitality Properties in a research report on Thursday, November 22nd. Finally, Raymond James upgraded Ryman Hospitality Properties from a market perform rating to an outperform rating in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ryman Hospitality Properties has an average rating of Buy and a consensus price target of $91.80.

Shares of RHP stock opened at $82.43 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 4.74. Ryman Hospitality Properties has a fifty-two week low of $64.36 and a fifty-two week high of $90.02. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.60 and a beta of 1.35.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Friday, December 28th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.12%. Ryman Hospitality Properties’s dividend payout ratio is presently 61.15%.

Several institutional investors have recently made changes to their positions in RHP. Bank of New York Mellon Corp raised its holdings in shares of Ryman Hospitality Properties by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 738,814 shares of the real estate investment trust’s stock valued at $61,433,000 after acquiring an additional 2,265 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Ryman Hospitality Properties by 20.0% during the second quarter. United Services Automobile Association now owns 11,319 shares of the real estate investment trust’s stock valued at $941,000 after acquiring an additional 1,885 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at approximately $605,000. First Hawaiian Bank bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at approximately $478,000. Finally, Cambridge Trust Co. raised its holdings in shares of Ryman Hospitality Properties by 5.3% during the third quarter. Cambridge Trust Co. now owns 18,830 shares of the real estate investment trust’s stock valued at $1,623,000 after acquiring an additional 950 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

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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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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