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

Ryman Hospitality Properties (NYSE:RHP) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also recently weighed in on RHP. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial reaffirmed a “buy” rating and issued a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.67.

Ryman Hospitality Properties Stock Up 2.1 %

Ryman Hospitality Properties stock opened at $98.89 on Friday. The business’s 50-day moving average price is $103.41 and its 200 day moving average price is $106.86. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth 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.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its position in Ryman Hospitality Properties by 72.9% during the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after buying an additional 22,871 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $741,000. Van ECK Associates Corp raised its holdings in shares of Ryman Hospitality Properties by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock worth $1,159,000 after acquiring an additional 1,029 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $488,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 3.2% in the fourth 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 purchasing an additional 101,333 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.