Ryman Hospitality Properties (NYSE:RHP) Stock Rating Upgraded by Zacks Research

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Cantor Fitzgerald upped their target price on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Citigroup lifted their price target on Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Finally, Raymond James Financial lifted their price target on Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Buy” and an average price target of $132.42.

View Our Latest Stock Report on RHP

Ryman Hospitality Properties Stock Up 1.9%

RHP stock opened at $124.76 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The firm has a 50 day simple moving average of $123.48 and a 200-day simple moving average of $118.04. The company has a market capitalization of $7.87 billion, a P/E ratio of 30.50, a PEG ratio of 1.87 and a beta of 1.22. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million for the quarter, compared to analysts’ expectations of $734.59 million. During the same period in the prior year, the company posted $2.35 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Ryman Hospitality Properties will post 9.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryman Hospitality Properties

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $43,000. Trust Co. of Vermont bought a new stake in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $51,000. Fifth Third Bancorp boosted its position in Ryman Hospitality Properties by 34.2% during the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 219 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Ryman Hospitality Properties by 20.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 146 shares during the period. 94.48% of the stock is currently owned by institutional investors.

About Ryman Hospitality Properties

(Get Free Report)

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.

Further Reading

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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