Ryman Hospitality Properties (NYSE:RHP) Stock Rating Lowered by StockNews.com

Ryman Hospitality Properties (NYSE:RHP) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued reports about the stock. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective on the stock. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Hold” and a consensus target price of $126.17.

Ryman Hospitality Properties Trading Down 5.0 %

NYSE:RHP opened at $98.48 on Friday. The business’s 50-day moving average is $104.26 and its two-hundred day moving average is $106.95. The firm has a market capitalization of $5.90 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties has a 12 month low of $93.76 and a 12 month high of $122.91. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Research analysts predict that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after acquiring an additional 101,333 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock worth $156,427,000 after purchasing an additional 12,323 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Ryman Hospitality Properties by 10.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust’s stock worth $150,220,000 after buying an additional 138,771 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust’s stock valued at $102,167,000 after buying an additional 14,861 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust’s stock valued at $97,737,000 after buying an additional 5,807 shares during the last quarter. Institutional investors 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.