Truist Financial Has Lowered Expectations for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP) had its price objective cut by stock analysts at Truist Financial from $133.00 to $127.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price indicates a potential upside of 34.27% from the company’s current price.

Several other brokerages have also recently issued reports on RHP. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $94.59 on Friday. The company has a market cap of $5.67 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a 50-day moving average of $100.86 and a two-hundred day moving average of $106.31. Ryman Hospitality Properties has a 1-year low of $92.04 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million during 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%. As a group, analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Ryman Hospitality Properties by 87.3% during the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock worth $57,141,000 after buying an additional 255,229 shares during the period. Citigroup Inc. increased its holdings in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after purchasing an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $741,000. Van ECK Associates Corp increased its holdings in shares of Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock valued at $1,159,000 after purchasing an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of Ryman Hospitality Properties in the third quarter valued at approximately $488,000. Institutional investors and hedge funds 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.