Truist Financial Forecasts Strong Price Appreciation for Ryman Hospitality Properties (NYSE:RHP) Stock

Ryman Hospitality Properties (NYSE:RHP) had its price objective upped by equities researchers at Truist Financial from $121.00 to $129.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective suggests a potential upside of 38.23% from the company’s current price.

RHP has been the topic of a number of other research reports. Barclays set a $109.00 target price on Ryman Hospitality Properties in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday, January 16th. Evercore restated an “outperform” rating and issued a $115.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Finally, Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $109.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price of $111.18.

Ryman Hospitality Properties Trading Up 1.6%

Shares of RHP stock traded up $1.50 during trading on Thursday, hitting $93.33. 25,503 shares of the stock traded hands, compared to its average volume of 503,327. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $105.75. The firm has a market capitalization of $5.88 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The firm’s fifty day moving average price is $96.66 and its 200-day moving average price is $94.54. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC increased its holdings in Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Ryman Hospitality Properties by 283.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

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.