JPMorgan Chase & Co. cut shares of Ryman Hospitality Properties (NYSE:RHP) from a neutral rating to an underweight rating in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. They currently have $77.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $80.00.
Shares of RHP opened at $77.11 on Tuesday. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.51 and a beta of 1.17. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.16 and a current ratio of 1.16. The company’s fifty day moving average is $80.24. Ryman Hospitality Properties has a 1-year low of $64.36 and a 1-year high of $90.02.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). The company had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $363.63 million. Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. Ryman Hospitality Properties’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Research analysts expect that Ryman Hospitality Properties will post 6.71 earnings per share for the current fiscal year.
In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 3,250 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $83.05, for a total transaction of $269,912.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Ryman Hospitality Properties by 75.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,617 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 1,987 shares in the last quarter. Exane Derivatives boosted its holdings in shares of Ryman Hospitality Properties by 2,130.0% during the 2nd quarter. Exane Derivatives now owns 2,453 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 2,343 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Ryman Hospitality Properties by 43.8% during the 2nd quarter. WINTON GROUP Ltd now owns 9,996 shares of the real estate investment trust’s stock valued at $811,000 after purchasing an additional 3,046 shares during the last quarter. FMR LLC boosted its holdings in shares of Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 196 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Ryman Hospitality Properties by 15.3% during the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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