Ryman Hospitality Properties (NYSE:RHP) Given New $122.00 Price Target at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP) had its price objective reduced by Wells Fargo & Company from $130.00 to $122.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective on the stock. BMO Capital Markets began coverage on 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. Truist Financial increased their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.17.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $104.66 on Tuesday. The company has a market cap of $6.27 billion, a PE ratio of 18.59, a P/E/G ratio of 2.48 and a beta of 1.67. The company’s fifty day simple moving average is $105.32 and its 200-day simple moving average is $106.88. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $122.91.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GTS Securities LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $464,000. Sophron Capital Management L.P. acquired a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $8,064,000. Squarepoint Ops LLC lifted its holdings in Ryman Hospitality Properties by 13.9% in the 4th quarter. Squarepoint Ops LLC now owns 10,593 shares of the real estate investment trust’s stock worth $1,105,000 after purchasing an additional 1,296 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Ryman Hospitality Properties by 27.1% in the fourth quarter. Tidal Investments LLC now owns 9,233 shares of the real estate investment trust’s stock worth $963,000 after acquiring an additional 1,969 shares during the last quarter. Finally, State of Wyoming increased its position in Ryman Hospitality Properties by 23.8% during the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.