Truist Financial Reiterates Buy Rating for Ryman Hospitality Properties (NYSE:RHP)

Ryman Hospitality Properties (NYSE:RHP)‘s stock had its “buy” rating reaffirmed by Truist Financial in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $133.00 price target on the real estate investment trust’s stock, down from their prior price target of $136.00. Truist Financial’s price target would suggest a potential upside of 37.15% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $125.67.

Ryman Hospitality Properties Trading Down 1.4 %

NYSE:RHP traded down $1.38 on Tuesday, reaching $96.98. The company’s stock had a trading volume of 126,853 shares, compared to its average volume of 462,572. Ryman Hospitality Properties has a 12-month low of $93.76 and a 12-month high of $121.77. The stock has a 50 day moving average price of $104.00 and a 200 day moving average price of $107.03. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, equities analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC raised its stake in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 218 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Ryman Hospitality Properties by 183.1% in the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 443 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.