Ryman Hospitality Properties (NYSE:RHP) Earns Buy Rating from Truist Financial

Ryman Hospitality Properties (NYSE:RHP)‘s stock had its “buy” rating reaffirmed by analysts at Truist Financial in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $133.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $136.00. Truist Financial’s price target would suggest a potential upside of 37.36% from the company’s previous close.

Other analysts have also recently issued reports about the company. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. 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. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.67.

Ryman Hospitality Properties Stock Down 0.3 %

NYSE:RHP opened at $96.83 on Tuesday. 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 stock’s fifty day moving average is $103.73 and its two-hundred day moving average is $107.01. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $121.77. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Research analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds have recently made changes to their positions in the business. Citigroup Inc. lifted its position in 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. Van ECK Associates Corp grew its stake in Ryman Hospitality Properties by 10.2% in 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. Paradigm Asset Management Co. LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter worth approximately $741,000. Quantinno Capital Management LP purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth approximately $488,000. Finally, Principal Financial Group Inc. grew its stake 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 buying an additional 101,333 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.