Ryman Hospitality Properties (NYSE:RHP) Price Target Cut to $100.00 by Analysts at Jefferies Financial Group

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price target cut by investment analysts at Jefferies Financial Group from $118.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Jefferies Financial Group's price objective points to a potential upside of 19.02% from the company's current price.

Several other analysts have also recently weighed in on RHP. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.67.

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Ryman Hospitality Properties Trading Down 1.7 %

Ryman Hospitality Properties stock traded down $1.44 during trading hours on Wednesday, reaching $84.02. The stock had a trading volume of 311,717 shares, compared to its average volume of 602,295. The stock has a market cap of $5.04 billion, a PE ratio of 19.14, a PEG ratio of 2.71 and a beta of 1.38. The company has a fifty day simple moving average of $95.52 and a 200-day simple moving average of $104.45. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently added to or reduced their stakes in RHP. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after buying an additional 931,283 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Ryman Hospitality Properties by 4.2% during the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust's stock valued at $567,000 after purchasing an additional 213 shares during the last quarter. Janus Henderson Group PLC lifted its position in Ryman Hospitality Properties by 30.5% during the third quarter. Janus Henderson Group PLC now owns 48,061 shares of the real estate investment trust's stock valued at $5,150,000 after purchasing an additional 11,228 shares during the period. Quarry LP purchased a new stake in Ryman Hospitality Properties in the third quarter worth approximately $28,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Ryman Hospitality Properties in the third quarter worth $488,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.