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.
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 Georges County, Maryland.
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