Ryman Hospitality Properties (NYSE:RHP) Coverage Initiated by Analysts at BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties (NYSE:RHP - Get Free Report) in a research note issued to investors on Monday, MarketBeat reports. The firm set an "outperform" rating and a $133.00 price target on the real estate investment trust's stock. BMO Capital Markets' price target indicates a potential upside of 12.71% from the company's previous close.

A number of other research analysts also recently issued reports on the company. Truist Financial upped their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, November 18th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $129.29.

Ryman Hospitality Properties Stock Down 0.2 %

Shares of RHP traded down $0.25 during mid-day trading on Monday, reaching $118.00. The company had a trading volume of 627,797 shares, compared to its average volume of 453,049. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.98 and a beta of 1.65. The firm has a 50-day moving average price of $111.88 and a 200 day moving average price of $105.28.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company had revenue of $549.90 million during the quarter, compared to analysts' expectations of $545.93 million. During the same period in the prior year, the firm earned $1.73 EPS. Ryman Hospitality Properties's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Ryman Hospitality Properties will post 8.44 EPS for the current year.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares of the company's stock, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp boosted its position in shares of Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Quarry LP bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties during the second quarter valued at about $32,000. Quest Partners LLC increased its holdings in shares of Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 338 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock worth $43,000 after buying an additional 103 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

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.