Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $129.73

Ryman Hospitality Properties, Inc. (NYSE:RHPGet Free Report) has earned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $131.2727.

A number of brokerages have issued reports on RHP. JPMorgan Chase & Co. upped 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. 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. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Barclays raised their price objective on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd.

Read Our Latest Report on Ryman Hospitality Properties

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC raised 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 valued at $27,000 after purchasing an additional 172 shares in the last quarter. International Assets Investment Management LLC lifted its position 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 purchasing an additional 236 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 purchasing an additional 113 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings 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 period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $129.20 on Monday. The company has a market cap of $8.16 billion, a P/E ratio of 31.59, a PEG ratio of 1.98 and a beta of 1.20. The company has a fifty day simple moving average of $128.06 and a 200 day simple moving average of $112.45. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 12-month low of $83.82 and a 12-month high of $137.46.

Ryman Hospitality Properties (NYSE:RHPGet Free Report) last issued its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $734.59 million. During the same period in the prior year, the business posted $2.35 earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Ryman Hospitality Properties will post 9.21 earnings per share for the current fiscal year.

About Ryman Hospitality Properties

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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