Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $152.00

Ryman Hospitality Properties (NYSE:RHP) had its target price raised by stock analysts at Cantor Fitzgerald from $135.00 to $152.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s price target would indicate a potential upside of 12.25% from the stock’s previous close.

RHP has been the topic of a number of other reports. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Evercore lowered Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price target for the company. in a research report on Monday, October 26th. Raymond James Financial increased their price target on Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, September 28th. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Weiss Ratings raised Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Buy” and a consensus target price of $136.67.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $135.41 on Tuesday. Ryman Hospitality Properties has a 52-week low of $89.60 and a 52-week high of $137.46. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.02 and a beta of 1.23. The company has a fifty day simple moving average of $125.36 and a 200-day simple moving average of $114.67. The company has a quick ratio of 1.34, a current ratio of 1.15 and a debt-to-equity ratio of 3.29.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.04). The business had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $646.13 million. Ryman Hospitality Properties had a return on equity of 29.45% and a net margin of 9.88%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. On average, equities analysts anticipate that Ryman Hospitality Properties will post 9.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of RHP. BlackRock Inc. purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at approximately $1,438,737,000. Reinhart Partners LLC. increased its holdings in shares of Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock worth $91,386,000 after buying an additional 11,766 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ryman Hospitality Properties by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock worth $84,251,000 after buying an additional 18,614 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $78,347,000. Finally, Bruni J V & Co. Co. purchased a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $65,555,872. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment.

The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.