Wells Fargo & Company Has Lowered Expectations for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price target cut by equities researchers at Wells Fargo & Company from $130.00 to $122.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 23.88% from the stock's previous close.

Several other research firms have also weighed in on RHP. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. Truist Financial upped their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.17.

Ryman Hospitality Properties Stock Performance

RHP traded down $5.16 on Tuesday, hitting $98.48. 1,362,355 shares of the stock traded hands, compared to its average volume of 463,872. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $122.91. 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 firm has a market capitalization of $5.90 billion, a PE ratio of 17.49, a P/E/G ratio of 2.70 and a beta of 1.67. The business has a fifty day moving average price of $104.26 and a two-hundred day moving average price of $106.89.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. On average, research analysts predict that Ryman Hospitality Properties will post 8.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RHP. Creative Planning lifted its holdings in Ryman Hospitality Properties by 6.4% during the 3rd 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Ryman Hospitality Properties by 8.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,414 shares of the real estate investment trust's stock worth $1,224,000 after buying an additional 885 shares in the last quarter. Blue Trust Inc. lifted its holdings in Ryman Hospitality Properties by 183.1% during the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust's stock worth $68,000 after buying an additional 443 shares in the last quarter. Raymond James & Associates lifted its holdings in Ryman Hospitality Properties by 34.3% during the 3rd 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 in the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 45.4% during the 3rd quarter. Copeland Capital Management LLC now owns 343,503 shares of the real estate investment trust's stock worth $36,837,000 after buying an additional 107,269 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

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.