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

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

RHP has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Raymond James upped their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Truist Financial upped their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Ryman Hospitality Properties Stock Up 1.1 %

Shares of NYSE:RHP opened at $106.45 on Monday. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $6.38 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. The firm’s 50-day moving average is $112.80 and its two-hundred day moving average is $108.09. Ryman Hospitality Properties has a 1 year low of $79.86 and a 1 year high of $122.91.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently modified their holdings of RHP. Principal Financial Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 11,548.3% during the fourth quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock worth $77,433,000 after purchasing an additional 697,516 shares during the period. Norges Bank acquired a new stake in Ryman Hospitality Properties in the fourth quarter valued at $57,580,000. Adage Capital Partners GP L.L.C. acquired a new stake in Ryman Hospitality Properties in the third quarter valued at $21,653,000. Vanguard Group Inc. lifted its holdings in Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after acquiring an additional 216,137 shares during the period. Finally, Heitman Real Estate Securities LLC lifted its holdings in Ryman Hospitality Properties by 46.0% in the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock valued at $67,356,000 after acquiring an additional 192,962 shares during the period. 94.48% of the stock is 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.