Ryman Hospitality Properties (NYSE:RHP) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
RHP has been the subject of a number of other research reports. Bank of America boosted their price objective on Ryman Hospitality Properties from $90.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, September 18th. Citigroup set a $98.00 price objective on Ryman Hospitality Properties and gave the company a “buy” rating in a report on Monday, September 17th. Finally, Deutsche Bank set a $94.00 price objective on Ryman Hospitality Properties and gave the company a “buy” rating in a report on Saturday, September 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ryman Hospitality Properties presently has a consensus rating of “Buy” and a consensus target price of $87.50.
Shares of NYSE RHP traded down $1.51 during trading hours on Thursday, hitting $76.08. 238,200 shares of the company traded hands, compared to its average volume of 289,291. The company has a market cap of $3.92 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.80 and a beta of 1.26. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.28 and a current ratio of 1.28. Ryman Hospitality Properties has a 12 month low of $64.39 and a 12 month high of $90.02.
Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.68). The company had revenue of $333.90 million for the quarter, compared to the consensus estimate of $329.60 million. Ryman Hospitality Properties had a net margin of 14.53% and a return on equity of 48.96%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. As a group, equities analysts predict that Ryman Hospitality Properties will post 5.86 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of RHP. Cbre Clarion Securities LLC boosted its holdings in Ryman Hospitality Properties by 4,354.4% during the 2nd quarter. Cbre Clarion Securities LLC now owns 459,518 shares of the real estate investment trust’s stock valued at $38,209,000 after acquiring an additional 449,202 shares during the period. Millennium Management LLC boosted its holdings in Ryman Hospitality Properties by 94.4% during the 2nd quarter. Millennium Management LLC now owns 890,028 shares of the real estate investment trust’s stock valued at $74,006,000 after acquiring an additional 432,295 shares during the period. Renaissance Technologies LLC boosted its holdings in Ryman Hospitality Properties by 46.5% during the 2nd quarter. Renaissance Technologies LLC now owns 623,641 shares of the real estate investment trust’s stock valued at $51,856,000 after acquiring an additional 198,000 shares during the period. BlackRock Inc. lifted its holdings in shares of Ryman Hospitality Properties by 2.4% in the 2nd quarter. BlackRock Inc. now owns 4,719,284 shares of the real estate investment trust’s stock worth $392,410,000 after buying an additional 112,282 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Ryman Hospitality Properties by 28.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 475,807 shares of the real estate investment trust’s stock worth $39,437,000 after buying an additional 106,585 shares during the period. Institutional investors own 84.65% of the company’s stock.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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