Ryman Hospitality Properties (NYSE:RHP) Price Target Cut to $83.00

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Ryman Hospitality Properties (NYSE:RHP) had its target price trimmed by SunTrust Banks from $85.00 to $83.00 in a report published on Friday morning, AnalystRatings.com reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on RHP. Deutsche Bank reaffirmed a buy rating and set a $106.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an underweight rating on the stock in a research report on Friday, September 6th. Zacks Investment Research raised shares of Ryman Hospitality Properties from a sell rating to a hold rating in a research report on Thursday, November 7th. ValuEngine lowered shares of Ryman Hospitality Properties from a sell rating to a strong sell rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Co dropped their price target on shares of Ryman Hospitality Properties from $90.00 to $89.00 and set an outperform rating on the stock in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $89.00.

NYSE RHP opened at $87.51 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 8.63. The firm’s fifty day moving average price is $86.70 and its two-hundred day moving average price is $81.70. Ryman Hospitality Properties has a 1 year low of $64.36 and a 1 year high of $91.57. The firm has a market capitalization of $4.59 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a return on equity of 62.86% and a net margin of 17.14%. The firm had revenue of $379.79 million for the quarter, compared to the consensus estimate of $370.70 million. During the same period last year, the company posted $1.23 earnings per share. The business’s revenue was up 30.0% compared to the same quarter last year. On average, research analysts anticipate that Ryman Hospitality Properties will post 6.88 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of RHP. FMR LLC raised its position in shares of Ryman Hospitality Properties by 24.5% in the first 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 period. Nisa Investment Advisors LLC raised its position in shares of Ryman Hospitality Properties by 75.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,617 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 1,987 shares during the period. New York State Teachers Retirement System bought a new position in shares of Ryman Hospitality Properties in the second quarter valued at about $251,000. AE Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter valued at about $669,000. Finally, State of Alaska Department of Revenue raised its position in shares of Ryman Hospitality Properties by 21.5% in the second quarter. State of Alaska Department of Revenue now owns 17,835 shares of the real estate investment trust’s stock valued at $1,445,000 after purchasing an additional 3,152 shares during the period. 87.69% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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