Ryman Hospitality Properties (NYSE:RHP) Stock Rating Lowered by StockNews.com

Ryman Hospitality Properties (NYSE:RHP) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

RHP has been the subject of a number of other reports. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Truist Financial increased their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.17.

Ryman Hospitality Properties Stock Down 5.0 %

Shares of NYSE:RHP traded down $5.16 during trading on Friday, hitting $98.48. The company’s stock had a trading volume of 1,362,355 shares, compared to its average volume of 463,872. The company has a market capitalization of $5.90 billion, a PE ratio of 17.49, a PEG ratio of 2.70 and a beta of 1.67. Ryman Hospitality Properties has a fifty-two week low of $93.76 and a fifty-two week 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 stock’s 50-day moving average price is $104.26 and its two-hundred day moving average price is $106.89.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results 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 business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. As a group, sell-side analysts expect that Ryman Hospitality Properties will post 8.48 EPS for the current year.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHP. Citigroup Inc. boosted its position in Ryman Hospitality Properties by 72.9% during the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after acquiring an additional 22,871 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth approximately $488,000. abrdn plc boosted its holdings in shares of Ryman Hospitality Properties by 24.7% in the fourth quarter. abrdn plc now owns 15,103 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 2,992 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Ryman Hospitality Properties by 34.3% in the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock valued at $2,754,000 after acquiring an additional 6,563 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock valued at $103,413,000 after acquiring an additional 6,289 shares during the period. 94.48% of the stock is owned by 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.