Ryman Hospitality Properties (NYSE:RHP) Earns “Underweight” Rating from JPMorgan Chase & Co.

Ryman Hospitality Properties (NYSE:RHP)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Friday,Benzinga reports. They currently have a $100.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 13.52% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target for the company. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a report on Monday. They issued an “outperform” rating and a $133.00 price objective on the stock. Finally, Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus target price of $128.57.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $115.63 on Friday. The firm has a market cap of $6.93 billion, a P/E ratio of 20.54, a PEG ratio of 2.95 and a beta of 1.65. Ryman Hospitality Properties has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm’s 50 day moving average price is $112.63 and its two-hundred day moving average price is $105.63.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 earnings per share. On average, analysts forecast that Ryman Hospitality Properties will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in shares of Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 219 shares during the period. Quarry LP acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at $28,000. SYSTM Wealth Solutions LLC bought a new position in Ryman Hospitality Properties during the 2nd quarter worth $32,000. Quest Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 338 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 103 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.