Wells Fargo & Company Raises Ryman Hospitality Properties (NYSE:RHP) Price Target to $126.00

Ryman Hospitality Properties (NYSE:RHP) had its price target raised by research analysts at Wells Fargo & Company from $114.00 to $126.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.96% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Cantor Fitzgerald increased their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average target price of $120.33.

Ryman Hospitality Properties Price Performance

RHP stock traded up $0.51 during trading on Monday, hitting $115.64. 30,558 shares of the stock traded hands, compared to its average volume of 543,688. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.67 and a beta of 1.22. The company has a 50 day simple moving average of $102.34 and a 200 day simple moving average of $98.28. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $117.18.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several large investors have recently bought and sold shares of RHP. Segall Bryant & Hamill LLC bought a new position in shares of Ryman Hospitality Properties in the 1st quarter worth $680,000. Western Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties during the first quarter worth $185,000. Janus Henderson Group PLC lifted its stake in Ryman Hospitality Properties by 5.0% in the 1st quarter. Janus Henderson Group PLC now owns 297,426 shares of the real estate investment trust’s stock valued at $27,447,000 after acquiring an additional 14,152 shares in the last quarter. Amundi boosted its stake in shares of Ryman Hospitality Properties by 13.0% during the 1st quarter. Amundi now owns 46,843 shares of the real estate investment trust’s stock worth $4,322,000 after buying an additional 5,400 shares during the last quarter. Finally, Adelante Capital Management LLC increased its holdings in Ryman Hospitality Properties by 18.7% during the first quarter. Adelante Capital Management LLC now owns 218,849 shares of the real estate investment trust’s stock worth $20,193,000 after buying an additional 34,451 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.