Wells Fargo & Company Cuts Ryman Hospitality Properties (NYSE:RHP) Price Target to $122.00

Ryman Hospitality Properties (NYSE:RHP) had its price target lowered by Wells Fargo & Company from $130.00 to $122.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.17.

Ryman Hospitality Properties Trading Up 0.1 %

Shares of NYSE RHP opened at $103.59 on Tuesday. The firm’s 50 day moving average price is $104.55 and its 200-day moving average price is $106.87. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $6.21 billion, a PE ratio of 18.40, a P/E/G ratio of 2.73 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. On average, equities research analysts expect that Ryman Hospitality Properties will post 8.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors have recently made changes to their positions in the business. DigitalBridge Group Inc. purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at approximately $12,218,000. GF Fund Management CO. LTD. bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $108,000. GTS Securities LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $464,000. Sophron Capital Management L.P. bought a new position in Ryman Hospitality Properties in the 4th quarter worth $8,064,000. Finally, Squarepoint Ops LLC lifted its position in Ryman Hospitality Properties by 13.9% during the fourth quarter. Squarepoint Ops LLC now owns 10,593 shares of the real estate investment trust’s stock valued at $1,105,000 after purchasing an additional 1,296 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

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.