Ryman Hospitality Properties (NYSE:RHP) Rating Increased to Hold at StockNews.com

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other equities research analysts have also recently issued reports on RHP. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. Truist Financial reissued a "buy" rating and issued a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target on the stock. One investment 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 MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.67.

Remove Ads

Ryman Hospitality Properties Trading Down 2.2 %

Shares of NYSE RHP traded down $2.20 during midday trading on Friday, reaching $95.90. 809,938 shares of the stock were exchanged, compared to its average volume of 456,940. The company has a market capitalization of $5.74 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a 50 day moving average price of $102.91 and a 200-day moving average price of $106.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released 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. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Equities research analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business'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 transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in RHP. Creative Planning increased its stake in shares of Ryman Hospitality Properties by 6.4% in the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust's stock worth $574,000 after buying an additional 323 shares during the last quarter. Raymond James & Associates increased its stake in shares of Ryman Hospitality Properties by 34.3% in the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust's stock worth $2,754,000 after buying an additional 6,563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ryman Hospitality Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust's stock worth $241,000 after buying an additional 574 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ryman Hospitality Properties by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust's stock worth $589,000 after buying an additional 795 shares during the last quarter. Finally, abrdn plc increased its stake in shares of Ryman Hospitality Properties by 8.7% in the third quarter. abrdn plc now owns 12,111 shares of the real estate investment trust's stock worth $1,299,000 after buying an additional 971 shares during the last quarter. Institutional investors 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.