Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $129.00 at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its price target lifted by equities research analysts at Truist Financial from $121.00 to $129.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 38.23% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. dropped their price objective on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, January 28th. Finally, Evercore restated an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.18.

Ryman Hospitality Properties Stock Up 1.6%

Shares of NYSE:RHP traded up $1.50 during trading on Thursday, hitting $93.33. 25,503 shares of the company were exchanged, compared to its average volume of 503,327. The stock has a market capitalization of $5.88 billion, a P/E ratio of 24.82, a PEG ratio of 1.74 and a beta of 1.18. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $105.75. The firm’s 50 day moving average price is $96.66 and its 200-day moving average price is $94.54.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC increased its position in Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Global Retirement Partners LLC lifted its position in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $28,000. Hantz Financial Services Inc. grew its stake in shares of Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.