Ryman Hospitality Properties (RHP) Upgraded to Buy by Bank of America

Ryman Hospitality Properties (NYSE:RHP) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a report issued on Monday, MarketBeat reports.

RHP has been the topic of several other research reports. Wells Fargo & Co upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Tuesday, December 19th. Zacks Investment Research cut Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and set a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, ValuEngine upgraded Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.80.

Ryman Hospitality Properties (NYSE RHP) traded down $1.62 during midday trading on Monday, reaching $71.44. The company’s stock had a trading volume of 328,800 shares, compared to its average volume of 300,400. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. Ryman Hospitality Properties has a 52 week low of $57.78 and a 52 week high of $73.17. The firm has a market cap of $3,740.00, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17.

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

In other news, CEO Colin V. Reed purchased 20,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $65.98 per share, for a total transaction of $1,319,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $68.41, for a total value of $222,332.50. Following the completion of the sale, the senior vice president now owns 4,147 shares in the company, valued at approximately $283,696.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,331 shares of company stock worth $576,523. Insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cable Hill Partners LLC acquired a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth approximately $109,000. Advisor Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 59.0% in the 2nd quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 646 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth approximately $161,000. ARP Americas LLC acquired a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth approximately $231,000. Finally, Profund Advisors LLC grew its holdings in shares of Ryman Hospitality Properties by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.

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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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