Ryman Hospitality Properties (NYSE:RHP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

Other analysts have also recently issued reports about the stock. ValuEngine cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Deutsche Bank reiterated a “buy” rating and issued a $99.00 target price on shares of Ryman Hospitality Properties in a research note on Thursday, August 8th. SunTrust Banks lowered their target price on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $89.33.

Shares of NYSE:RHP traded up $0.65 during trading on Wednesday, reaching $82.13. The stock had a trading volume of 3,644 shares, compared to its average volume of 278,087. Ryman Hospitality Properties has a one year low of $64.36 and a one year high of $89.50. The company has a market capitalization of $4.15 billion, a P/E ratio of 14.02, a PEG ratio of 1.87 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.97. The firm’s 50-day simple moving average is $78.74 and its 200 day simple moving average is $80.83.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.93). The firm had revenue of $407.70 million during the quarter, compared to the consensus estimate of $399.41 million. Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.80 earnings per share. Equities research analysts forecast that Ryman Hospitality Properties will post 6.79 earnings per share for the current fiscal year.

In related news, CEO Colin V. Reed purchased 13,585 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $79.30 per share, with a total value of $1,077,290.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of RHP. BlackRock Inc. boosted its position in shares of Ryman Hospitality Properties by 15.9% during the 2nd quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock valued at $468,740,000 after acquiring an additional 793,598 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Ryman Hospitality Properties by 3,984.8% during the second quarter. Nuveen Asset Management LLC now owns 493,734 shares of the real estate investment trust’s stock worth $40,037,000 after purchasing an additional 481,647 shares during the period. Duff & Phelps Investment Management Co. increased its stake in Ryman Hospitality Properties by 52.6% during the second quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock worth $47,821,000 after purchasing an additional 203,175 shares during the period. Atria Investments LLC purchased a new stake in Ryman Hospitality Properties during the second quarter worth about $10,850,000. Finally, Green Square Asset Management LLC purchased a new stake in Ryman Hospitality Properties during the second quarter worth about $10,709,000. 87.34% of the stock is owned by institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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