Ryman Hospitality Properties (NYSE:RHP) Stock Bumped Down to Hold by Zacks Research

Ryman Hospitality Properties (NYSE:RHP) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Other research analysts also recently issued research reports about the stock. Truist Financial raised their price target 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. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Raymond James Financial boosted their price objective on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.67.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $138.61 on Tuesday. The stock’s fifty day moving average is $125.91 and its two-hundred day moving average is $115.10. The company has a market capitalization of $9.56 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.29. Ryman Hospitality Properties has a 52 week low of $89.60 and a 52 week high of $139.28.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, analysts expect that Ryman Hospitality Properties will post 9.26 earnings per share for the current year.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds have recently modified their holdings of RHP. International Assets Investment Management LLC boosted its stake in 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 acquiring an additional 236 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Ryman Hospitality Properties in the third quarter worth $36,000. Global Retirement Partners LLC acquired a new position in shares of Ryman Hospitality Properties during the second quarter worth $43,000. Signaturefd LLC increased its position in shares of Ryman Hospitality Properties by 61.2% during the third quarter. Signaturefd LLC now owns 361 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 137 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of Ryman Hospitality Properties during the second quarter worth $51,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.