Wells Fargo & Company Has Lowered Expectations for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP) had its price target lowered by analysts at Wells Fargo & Company from $130.00 to $122.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 17.93% from the stock’s previous close.

Several other research analysts have also issued reports on RHP. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. Finally, Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. One 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. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $126.17.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $103.45 on Tuesday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The business’s 50 day moving average price is $104.79 and its 200-day moving average price is $106.90. The company has a market cap of $6.20 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.44 and a beta of 1.67. Ryman Hospitality Properties has a fifty-two week low of $93.76 and a fifty-two week high of $122.91.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Ryman Hospitality Properties by 41.9% during the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares during the period. Cooke & Bieler LP acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $74,811,000. Hamlin Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ryman Hospitality Properties by 483.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock valued at $65,391,000 after acquiring an additional 505,207 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Ryman Hospitality Properties by 946.6% in the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust’s stock valued at $52,455,000 after purchasing an additional 454,922 shares in the last quarter. Hedge funds and other institutional investors 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.