Ryman Hospitality Properties (NYSE:RHP) Stock Rating Upgraded by Zacks Research

Ryman Hospitality Properties (NYSE:RHP) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

RHP has been the topic of a number of other research reports. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Barclays reduced their price objective on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Tuesday. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial raised their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $132.42.

Ryman Hospitality Properties Trading Up 1.9%

Ryman Hospitality Properties stock opened at $124.76 on Monday. The business has a 50 day moving average price of $123.48 and a two-hundred day moving average price of $118.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $137.46. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.11. The company had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. Ryman Hospitality Properties’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 EPS. As a group, equities analysts forecast that Ryman Hospitality Properties will post 9.23 EPS for the current year.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors have recently added to or reduced their stakes in RHP. GAMMA Investing LLC grew its stake in Ryman Hospitality Properties by 23.6% during the third quarter. GAMMA Investing LLC now owns 3,062 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 584 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 146 shares during the last quarter. Cim Investment Management Inc. bought a new position in shares of Ryman Hospitality Properties in the second quarter valued at approximately $266,000. Sequoia Financial Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $332,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $317,000. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.