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

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 also recently weighed in on RHP. Raymond James Financial, Inc. reiterated a market perform rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. UBS AG downgraded shares of Ryman Hospitality Properties from an outperform rating to a market perform rating in a research note on Friday, July 14th. BidaskClub downgraded shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG reiterated a buy rating and issued a $70.00 target price (down previously from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $65.60.

Ryman Hospitality Properties (NYSE RHP) traded down $0.20 during midday trading on Friday, reaching $65.92. 182,400 shares of the company were exchanged, compared to its average volume of 192,361. Ryman Hospitality Properties has a 1-year low of $53.70 and a 1-year high of $67.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $3,374.86, a P/E ratio of 12.35, a PEG ratio of 2.40 and a beta of 1.18.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.38. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $268.97 million. During the same quarter last year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. research analysts predict that Ryman Hospitality Properties will post 5.47 earnings per share for the current fiscal year.

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In related news, CEO Colin V. Reed sold 19,280 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Ryman Hospitality Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock valued at $527,561,000 after acquiring an additional 219,560 shares in the last quarter. BlackRock Inc. grew its stake in Ryman Hospitality Properties by 3.2% during the second quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock valued at $285,547,000 after acquiring an additional 139,518 shares in the last quarter. State Street Corp grew its stake in Ryman Hospitality Properties by 2.7% during the second quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock valued at $105,251,000 after acquiring an additional 43,334 shares in the last quarter. Gabelli Funds LLC grew its stake in Ryman Hospitality Properties by 0.8% during the third quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock valued at $82,074,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Ryman Hospitality Properties by 2.3% during the second quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock valued at $59,085,000 after acquiring an additional 20,554 shares in the last quarter. 86.72% of the stock is owned by institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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