Ryman Hospitality Properties (NYSE:RHP) Cut to “Hold” at Zacks Research

Ryman Hospitality Properties (NYSE:RHP) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

RHP has been the subject of several other reports. Citigroup increased their price objective on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Evercore lowered shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price target on the stock. in a research note on Monday, October 26th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Truist Financial raised their price target on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.67.

Ryman Hospitality Properties Trading Up 0.1%

Ryman Hospitality Properties stock opened at $138.61 on Tuesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $9.56 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The stock has a 50-day moving average of $125.91 and a two-hundred day moving average of $115.10. Ryman Hospitality Properties has a one year low of $89.60 and a one year high of $139.28.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.04). Ryman Hospitality Properties had a return on equity of 29.45% and a net margin of 9.88%. The business had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $646.13 million. During the same quarter in the previous year, the firm posted $1.63 EPS. Ryman Hospitality Properties’s revenue was up 10.7% on a year-over-year basis. On average, research analysts anticipate that Ryman Hospitality Properties will post 9.26 EPS for the current fiscal year.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds have recently modified their holdings of the stock. GW&K Investment Management LLC grew its holdings in Ryman Hospitality Properties by 38.0% during the third quarter. GW&K Investment Management LLC now owns 849,953 shares of the real estate investment trust’s stock worth $101,595,000 after acquiring an additional 234,167 shares during the period. Private Advisor Group LLC raised its position in Ryman Hospitality Properties by 5.9% during the third quarter. Private Advisor Group LLC now owns 7,208 shares of the real estate investment trust’s stock valued at $862,000 after acquiring an additional 400 shares in the last quarter. Voya Investment Management LLC raised its position in Ryman Hospitality Properties by 9.3% during the third quarter. Voya Investment Management LLC now owns 33,967 shares of the real estate investment trust’s stock valued at $4,060,000 after acquiring an additional 2,901 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Ryman Hospitality Properties by 61.2% in the third quarter. Public Sector Pension Investment Board now owns 349,435 shares of the real estate investment trust’s stock valued at $43,473,000 after acquiring an additional 132,642 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Ryman Hospitality Properties in the third quarter valued at approximately $9,623,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc. is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment. The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.