Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $58.63.
A number of equities analysts have weighed in on RHP shares. Truist upped their price target on Ryman Hospitality Properties from $47.00 to $50.00 in a report on Thursday, March 18th. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 6th. Finally, Truist Securities increased their target price on Ryman Hospitality Properties from $47.00 to $50.00 in a research note on Thursday, March 18th.
In related news, EVP Scott J. Lynn sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $83.98, for a total transaction of $209,950.00. Following the sale, the executive vice president now directly owns 13,177 shares of the company’s stock, valued at approximately $1,106,604.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Fazal F. Merchant sold 1,337 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $83.41, for a total value of $111,519.17. Corporate insiders own 3.30% of the company’s stock.
NYSE RHP traded up $0.19 on Tuesday, reaching $78.44. The company had a trading volume of 407 shares, compared to its average volume of 480,284. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of -9.05 and a beta of 1.79. Ryman Hospitality Properties has a 1 year low of $29.23 and a 1 year high of $86.58. The firm’s 50-day moving average is $76.12. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 23.45.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported ($1.90) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.74) by ($1.16). The company had revenue of $84.20 million during the quarter, compared to analysts’ expectations of $110.31 million. Ryman Hospitality Properties had a negative return on equity of 186.81% and a negative net margin of 160.81%. The firm’s revenue was down 73.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, analysts forecast that Ryman Hospitality Properties will post -0.83 earnings per share for the current fiscal year.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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