Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) 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.
Check Out Our Latest Stock Report on Ryman Hospitality Properties
Ryman Hospitality Properties Stock Performance
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.
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