Analysts Set Ryman Hospitality Properties, Inc. (RHP) Price Target at $63.33

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $63.33.

RHP has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, October 17th. Deutsche Bank restated a “buy” rating and issued a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday, August 10th. SunTrust Banks restated a “hold” rating and issued a $60.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.

Shares of Ryman Hospitality Properties (NYSE RHP) traded down $0.04 on Thursday, hitting $69.44. The stock had a trading volume of 176,474 shares, compared to its average volume of 189,149. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $3,555.05, a PE ratio of 13.00, a PEG ratio of 2.60 and a beta of 1.16. Ryman Hospitality Properties has a 12-month low of $57.78 and a 12-month high of $70.00.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.38. The company had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. Ryman Hospitality Properties’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. equities analysts expect that Ryman Hospitality Properties will post 5.47 earnings per share for the current year.

In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 19,280 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total value of $1,220,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in 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 in the last quarter. BlackRock Inc. boosted its stake in 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 in the last quarter. State Street Corp boosted its stake in Ryman Hospitality Properties by 2.7% in the second quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock worth $105,251,000 after buying an additional 43,334 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Ryman Hospitality Properties by 0.8% during the third quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock valued at $82,074,000 after purchasing an additional 10,500 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Ryman Hospitality Properties by 2.3% during the second quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock valued at $59,085,000 after purchasing an additional 20,554 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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