Ryman Hospitality Properties (NYSE:RHP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Ryman Hospitality Properties (NYSE:RHP) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $113.00 to $129.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 0.37% from the company’s current price.

RHP has been the subject of several other reports. Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Barclays increased their target price on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Truist Financial upped their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $126.10.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded up $0.67 during trading hours on Tuesday, hitting $128.52. The company’s stock had a trading volume of 50,923 shares, compared to its average volume of 565,491. The business has a fifty day moving average of $120.39 and a 200-day moving average of $105.63. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 2.29 and a beta of 1.20. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $132.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in shares of Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 113 shares during the period. Global Retirement Partners LLC lifted its position in Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares during the period. Geneos Wealth Management Inc. boosted its stake in 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 worth $27,000 after buying an additional 209 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.