Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $132.00 at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its target price upped by equities research analysts at Truist Financial from $129.00 to $132.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 15.78% from the stock’s previous close.

Several other brokerages have also issued reports on RHP. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays increased their price target on Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Evercore reissued an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.89.

Ryman Hospitality Properties Stock Up 1.8%

Shares of RHP stock traded up $2.05 on Tuesday, hitting $114.01. 83,070 shares of the stock were exchanged, compared to its average volume of 550,963. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The firm has a market capitalization of $7.20 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.22. The business has a 50-day moving average of $100.43 and a 200 day moving average of $97.66. Ryman Hospitality Properties has a fifty-two week low of $83.82 and a fifty-two week high of $114.15.

Institutional Trading of Ryman Hospitality Properties

Hedge funds have recently made changes to their positions in the business. First Dallas Securities Inc. lifted its position in shares of Ryman Hospitality Properties by 103.9% in the third quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 13,275 shares during the last quarter. Hamlin Capital Management LLC lifted its position in shares of Ryman Hospitality Properties by 10.5% in the third quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock valued at $88,513,000 after buying an additional 93,490 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Ryman Hospitality Properties by 37.3% in the third quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock valued at $4,712,000 after buying an additional 14,296 shares during the last quarter. Jain Global LLC lifted its position in shares of Ryman Hospitality Properties by 143.9% in the third quarter. Jain Global LLC now owns 169,432 shares of the real estate investment trust’s stock valued at $15,179,000 after buying an additional 99,967 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Ryman Hospitality Properties by 21.4% in the third quarter. Bessemer Group Inc. now owns 318,888 shares of the real estate investment trust’s stock valued at $28,570,000 after buying an additional 56,189 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.