Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $135.00

Ryman Hospitality Properties (NYSE:RHP) had its price objective increased by Cantor Fitzgerald from $124.00 to $135.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Monday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Truist Financial lifted their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley boosted their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.73.

Ryman Hospitality Properties Stock Up 0.7%

Ryman Hospitality Properties stock opened at $124.88 on Tuesday. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.20 and a beta of 1.20. The stock has a 50 day moving average of $126.59 and a two-hundred day moving average of $109.99. The company has a current ratio of 1.34, a quick ratio of 1.35 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. The firm had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. As a group, research analysts expect that Ryman Hospitality Properties will post 9.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after purchasing an additional 12,169 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 131.0% during the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after buying an additional 63,507 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Ryman Hospitality Properties by 306.5% during the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after buying an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares during the period. 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.