Ryman Hospitality Properties, Inc. (RHP) Receives $65.00 Average Price Target from Analysts
Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $65.00.
A number of analysts have commented on RHP shares. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, May 4th. BidaskClub upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. UBS AG cut Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th.
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In related news, CEO Colin V. Reed sold 30,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the sale, the chief executive officer now owns 101,930 shares in the company, valued at $6,466,439.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Colin V. Reed sold 10,000 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $63.17, for a total value of $631,700.00. Following the sale, the chief executive officer now owns 101,930 shares of the company’s stock, valued at approximately $6,438,918.10. The disclosure for this sale can be found here. Insiders have sold 63,644 shares of company stock valued at $4,085,008 in the last quarter. 3.40% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in RHP. Advisor Group Inc. boosted its stake in Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 646 shares in the last quarter. James Investment Research Inc. purchased a new position in Ryman Hospitality Properties during the first quarter valued at $141,000. Creative Planning boosted its position in Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Ryman Hospitality Properties (RHP) traded down 0.42% on Tuesday, reaching $58.93. 103,389 shares of the company traded hands. The stock has a market capitalization of $2.98 billion, a PE ratio of 18.65 and a beta of 1.15. Ryman Hospitality Properties has a one year low of $47.31 and a one year high of $67.97. The firm has a 50 day moving average of $61.39 and a 200-day moving average of $63.04.
Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $298.80 million for the quarter, compared to the consensus estimate of $296.01 million. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. Ryman Hospitality Properties’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. On average, analysts anticipate that Ryman Hospitality Properties will post $3.02 EPS for the current year.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince Georges County, Maryland.
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