Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Rating of “Moderate Buy” by Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $118.71.

A number of research firms recently issued reports on RHP. JPMorgan Chase & Co. boosted their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Truist Financial decreased their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $100.02 on Thursday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties has a 52-week low of $79.86 and a 52-week high of $122.91. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.22 and a beta of 1.64. The business’s fifty day moving average is $100.87 and its 200 day moving average is $106.33.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Haslam acquired 9,972 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, June 13th. The shares were purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the transaction, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at about $27,000. Parallel Advisors LLC boosted its holdings in Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 262 shares during the period. Fifth Third Bancorp boosted its holdings in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares during the period. Larson Financial Group LLC purchased a new stake in Ryman Hospitality Properties during the 1st quarter valued at about $35,000. Finally, SYSTM Wealth Solutions LLC purchased a new stake in Ryman Hospitality Properties during the 2nd quarter valued at about $32,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

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.