Ryman Hospitality Properties (NYSE:RHP) Upgraded to “Hold” at StockNews.com

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

RHP has been the topic of several other reports. Truist Financial restated a “buy” rating and issued a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.67.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $98.89 on Friday. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $121.77. The stock’s fifty day moving average is $103.41 and its two-hundred day moving average is $106.86. The company has a market capitalization of $5.92 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.71 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Insider Activity at Ryman Hospitality Properties

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

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of large investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Ryman Hospitality Properties during the third quarter worth $28,000. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth about $31,000. Avior Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 218 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $72,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.