Ryman Hospitality Properties (NYSE:RHP) Given New $136.00 Price Target at Truist Financial

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price objective increased by analysts at Truist Financial from $130.00 to $136.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price objective points to a potential upside of 22.28% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target on the stock. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. increased their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.17.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $0.19 during trading hours on Monday, reaching $111.22. The company's stock had a trading volume of 234,072 shares, compared to its average volume of 455,552. 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's 50 day simple moving average is $108.64 and its 200 day simple moving average is $104.15. Ryman Hospitality Properties has a one year low of $93.76 and a one year high of $122.91. The stock has a market cap of $6.66 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.96 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.73 earnings per share. As a group, analysts expect that Ryman Hospitality Properties will post 8.44 EPS for the current fiscal year.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following 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 position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of large investors have recently modified their holdings of RHP. Fifth Third Bancorp grew its position in Ryman Hospitality Properties by 347.6% during the 2nd 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 stake in Ryman Hospitality Properties in the third quarter worth approximately $28,000. SYSTM Wealth Solutions LLC bought a new position in Ryman Hospitality Properties during the second quarter worth $32,000. Quest Partners LLC boosted its position in shares of Ryman Hospitality Properties by 8,450.0% during the 2nd 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 in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

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.