Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Rating of “Buy” by Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received an average recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $129.7273.

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Barclays upped their price target on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a report on Monday, June 8th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RHP. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth about $60,655,000. Strs Ohio increased its stake in shares of Ryman Hospitality Properties by 10.6% in the 4th quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock valued at $11,962,000 after purchasing an additional 12,100 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Ryman Hospitality Properties in the 1st quarter worth about $992,000. Hsbc Holdings PLC raised its holdings in Ryman Hospitality Properties by 12.1% in the 1st quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust’s stock worth $10,892,000 after purchasing an additional 12,717 shares during the period. Finally, BlackRock Inc. acquired a new position in Ryman Hospitality Properties in the 2nd quarter worth about $1,438,737,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Up 0.1%

Shares of NYSE:RHP opened at $128.62 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $137.46. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.27 and a beta of 1.20. The business has a 50-day moving average price of $127.39 and a 200-day moving average price of $111.36.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the firm earned $2.35 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts predict that Ryman Hospitality Properties will post 9.18 EPS for the current year.

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.