Zacks Investment Research upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a buy rating in a report released on Saturday morning, Zacks.com reports. They currently have $91.00 target price on the real estate investment trust’s stock.

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. “

A number of other brokerages also recently weighed in on RHP. JPMorgan Chase & Co. dropped their target price on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an underweight rating for the company in a research note on Friday, September 6th. ValuEngine cut shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Thursday, August 1st. SunTrust Banks decreased their price target on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a hold rating on the stock in a research note on Friday, August 9th. Finally, Deutsche Bank reissued a buy rating and issued a $99.00 price target on shares of Ryman Hospitality Properties in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $89.33.

Ryman Hospitality Properties stock opened at $80.66 on Friday. The business’s fifty day moving average is $78.60 and its two-hundred day moving average is $80.86. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $4.12 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.85 and a beta of 1.14. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $89.50.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.93). The business had revenue of $407.70 million during the quarter, compared to analyst estimates of $399.41 million. Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 earnings per share. On average, equities research analysts predict that Ryman Hospitality Properties will post 6.79 earnings per share for the current year.

In other news, CEO Colin V. Reed purchased 13,585 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $79.30 per share, for a total transaction of $1,077,290.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of RHP. BlackRock Inc. grew its stake in shares of Ryman Hospitality Properties by 15.9% during the second quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock worth $468,740,000 after purchasing an additional 793,598 shares during the period. Nuveen Asset Management LLC grew its position in shares of Ryman Hospitality Properties by 3,984.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 493,734 shares of the real estate investment trust’s stock worth $40,037,000 after buying an additional 481,647 shares during the period. Duff & Phelps Investment Management Co. grew its position in shares of Ryman Hospitality Properties by 52.6% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock worth $47,821,000 after buying an additional 203,175 shares during the period. Atria Investments LLC bought a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $10,850,000. Finally, Green Square Asset Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $10,709,000. Institutional investors own 87.34% of the company’s stock.

About Ryman Hospitality Properties

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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