Ryman Hospitality Properties (NYSE:RHP) Rating Lowered to Hold at Zacks Research

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other analysts have also recently weighed in on RHP. 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 report on Thursday, July 23rd. Truist Financial lifted 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 report on Thursday, September 10th. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $129.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Cantor Fitzgerald increased their price objective on Ryman Hospitality Properties from $135.00 to $152.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Barclays reduced their price objective on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.67.

Read Our Latest Stock Analysis on RHP

Ryman Hospitality Properties Trading Up 0.1%

Ryman Hospitality Properties stock opened at $138.61 on Tuesday. Ryman Hospitality Properties has a 12-month low of $89.60 and a 12-month high of $139.28. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $9.56 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The firm has a 50 day simple moving average of $125.91 and a 200-day simple moving average of $115.10.

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last released its earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.04). The firm had revenue of $655.80 million for the quarter, compared to analyst estimates of $646.13 million. Ryman Hospitality Properties had a return on equity of 29.45% and a net margin of 9.88%. Ryman Hospitality Properties’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. As a group, equities research analysts expect that Ryman Hospitality Properties will post 9.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryman Hospitality Properties

Large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its position in Ryman Hospitality Properties by 15.5% during the third quarter. Salomon & Ludwin LLC now owns 664 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 89 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Ryman Hospitality Properties by 0.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 17,463 shares of the real estate investment trust’s stock worth $2,087,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,543 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 103 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of Ryman Hospitality Properties by 4.6% during the 3rd quarter. Hohimer Wealth Management LLC now owns 2,375 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 105 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 12.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,050 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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