Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Target Price at $58.63

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.

Several hedge funds have recently bought and sold shares of RHP. FMR LLC raised its position in shares of Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 196 shares in the last quarter. Creative Planning acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth $254,000. Victory Capital Management Inc. increased its position in Ryman Hospitality Properties by 5.4% in the fourth quarter. Victory Capital Management Inc. now owns 9,211 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth $261,000. Finally, California Public Employees Retirement System increased its position in Ryman Hospitality Properties by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 118,179 shares of the real estate investment trust’s stock worth $8,008,000 after buying an additional 1,363 shares during the period. 89.68% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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