Ryman Hospitality Properties (NYSE:RHP) Upgraded at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

RHP has been the topic of several other reports. BMO Capital Markets reissued an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Raymond James Financial reissued an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Buy” and an average price target of $127.10.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $132.99 on Thursday. The firm has a market cap of $8.39 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s fifty day moving average price is $122.35 and its two-hundred day moving average price is $106.56. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $133.75.

Institutional Trading of Ryman Hospitality Properties

Several institutional investors and hedge funds have recently modified their holdings of RHP. Royal Bank of Canada grew its position in Ryman Hospitality Properties by 44.1% in the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after acquiring an additional 12,169 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 131.0% in the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after acquiring an additional 63,507 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Ryman Hospitality Properties by 306.5% in the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after purchasing an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 209 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

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.