Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Recommendation of “Buy” from Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Twelve research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $131.2727.

A number of equities research analysts have commented on the stock. Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Truist Financial boosted their target price on 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 increased their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its stake in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares during the last quarter. 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 valued at $27,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.1%

Shares of RHP stock opened at $129.20 on Monday. Ryman Hospitality Properties has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day simple moving average of $128.06 and a two-hundred day simple moving average of $112.55. The company has a market cap of $8.15 billion, a P/E ratio of 31.59, a PEG ratio of 1.98 and a beta of 1.20.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same quarter last year, the firm posted $2.35 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Research analysts forecast that Ryman Hospitality Properties will post 9.21 earnings per share for the current year.

Ryman Hospitality Properties Company Profile

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.