Ryman Hospitality Properties, Inc. (NYSE:RHP)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a report released on Thursday. They currently have a $70.00 target price on the real estate investment trust’s stock, down from their previous target price of $71.00. Deutsche Bank AG’s target price would indicate a potential upside of 19.86% from the company’s previous close.

RHP has been the topic of several other reports. BidaskClub cut shares of Ryman Hospitality Properties from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Finally, UBS AG cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.00.

Shares of Ryman Hospitality Properties (NYSE:RHP) traded down 0.29% during midday trading on Thursday, hitting $58.40. 246,848 shares of the company traded hands. The stock has a market capitalization of $2.99 billion, a PE ratio of 18.48 and a beta of 1.15. Ryman Hospitality Properties has a 52 week low of $47.31 and a 52 week high of $67.97. The stock has a 50 day moving average of $63.20 and a 200-day moving average of $63.30.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The company had revenue of $298.80 million for the quarter, compared to analysts’ expectations of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.40%. Ryman Hospitality Properties’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. Equities analysts forecast that Ryman Hospitality Properties will post $3.03 earnings per share for the current fiscal year.

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In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total transaction of $668,600.00. Following the transaction, the executive vice president now directly owns 18,744 shares in the company, valued at $1,253,223.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jennifer L. Hutcheson sold 3,644 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total transaction of $242,508.20. Following the transaction, the senior vice president now owns 8,845 shares in the company, valued at $588,634.75. The disclosure for this sale can be found here. Insiders have sold 63,644 shares of company stock worth $4,085,008 over the last quarter. Company insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. James Investment Research Inc. acquired a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $141,000. Creative Planning boosted its position in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 89 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Ryman Hospitality Properties by 36.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 89.18% of the company’s stock.

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

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