Ryman Hospitality Properties, Inc. (NYSE:RHP) Downgraded to “Hold” at Zacks Investment Research

Ryman Hospitality Properties, Inc. (NYSE:RHP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, July 12th.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

Separately, BidaskClub lowered Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Ryman Hospitality Properties has an average rating of “Hold” and a consensus target price of $63.00.

Shares of Ryman Hospitality Properties (RHP) traded down 0.31% during mid-day trading on Wednesday, hitting $58.22. The stock had a trading volume of 257,217 shares. The stock’s 50-day moving average is $62.78 and its 200 day moving average is $63.23. The company has a market cap of $2.95 billion, a PE ratio of 18.42 and a beta of 1.15. Ryman Hospitality Properties has a 12 month low of $47.31 and a 12 month high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $298.80 million during the quarter, compared to analyst estimates of $296.01 million. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. On average, equities research analysts forecast that Ryman Hospitality Properties will post $3.03 earnings per share for the current fiscal year.

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In related news, SVP Jennifer L. Hutcheson sold 3,644 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $66.55, for a total transaction of $242,508.20. Following the completion of the transaction, the senior vice president now directly owns 8,845 shares of the company’s stock, valued at $588,634.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bennett D. Westbrook sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total value of $668,600.00. Following the transaction, the executive vice president now directly owns 18,744 shares of the company’s stock, valued at $1,253,223.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,644 shares of company stock valued at $4,085,008. 3.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% in the second quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock worth $527,561,000 after buying an additional 219,560 shares during the period. BlackRock Inc. increased its stake in shares of Ryman Hospitality Properties by 3.2% in the second quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock worth $285,547,000 after buying an additional 139,518 shares during the period. State Street Corp increased its stake in shares of Ryman Hospitality Properties by 69.2% in the first quarter. State Street Corp now owns 1,600,935 shares of the real estate investment trust’s stock worth $98,980,000 after buying an additional 654,879 shares during the period. Gabelli Funds LLC increased its stake in shares of Ryman Hospitality Properties by 0.9% in the first quarter. Gabelli Funds LLC now owns 1,306,900 shares of the real estate investment trust’s stock worth $80,806,000 after buying an additional 11,800 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of Ryman Hospitality Properties by 13.6% in the first quarter. River Road Asset Management LLC now owns 1,195,755 shares of the real estate investment trust’s stock worth $73,934,000 after buying an additional 143,558 shares during the period. Institutional investors and hedge funds own 89.18% of the company’s stock.

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

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