Ryman Hospitality Properties (NYSE:RHP) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a report issued on Friday.

Several other equities analysts have also commented on the stock. Truist Financial dropped their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating for the company in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating for the company in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $118.71.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $98.19 on Friday. Ryman Hospitality Properties has a one year low of $79.86 and a one year high of $122.91. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50 day moving average price of $100.30 and a 200 day moving average price of $107.74. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.08 and a beta of 1.64.

Insider Activity at Ryman Hospitality Properties

In other news, Director William E. Haslam purchased 9,972 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the acquisition, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total transaction of $157,956.54. Following the completion of the sale, the director now directly owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William E. Haslam purchased 9,972 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average cost of $100.28 per share, with a total value of $999,992.16. Following the completion of the acquisition, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Large investors have recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC boosted its stake in Ryman Hospitality Properties by 98.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,772 shares of the real estate investment trust’s stock valued at $10,431,000 after acquiring an additional 47,077 shares during the last quarter. Quantbot Technologies LP boosted its stake in Ryman Hospitality Properties by 71.0% during the 1st quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock valued at $3,169,000 after acquiring an additional 11,384 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Ryman Hospitality Properties by 94.3% during the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock valued at $2,389,000 after acquiring an additional 10,015 shares during the last quarter. Jump Financial LLC bought a new position in Ryman Hospitality Properties during the 4th quarter valued at $1,772,000. Finally, Nordea Investment Management AB boosted its stake in Ryman Hospitality Properties by 13.0% during the 1st quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock valued at $9,249,000 after acquiring an additional 9,174 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.