Ryman Hospitality Properties, Inc. (RHP) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) from a sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

Several other analysts have also recently issued reports on RHP. BidaskClub cut shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Friday, August 11th. Deutsche Bank AG reaffirmed a buy rating and set a $70.00 price objective (down previously from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. UBS AG cut shares of Ryman Hospitality Properties from an outperform rating to a market perform rating in a research note on Friday, July 14th. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Ryman Hospitality Properties has an average rating of Hold and an average target price of $65.60.

Shares of Ryman Hospitality Properties (NYSE RHP) opened at $65.98 on Friday. The company has a market cap of $3,374.86, a PE ratio of 12.35, a PEG ratio of 2.40 and a beta of 1.18. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87. Ryman Hospitality Properties has a one year low of $54.66 and a one year high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.38. The business had revenue of $264.70 million during the quarter, compared to analysts’ expectations of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. research analysts forecast that Ryman Hospitality Properties will post 5.47 EPS for the current fiscal year.

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In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 19,280 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total value of $1,220,424.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock valued at $527,561,000 after purchasing an additional 219,560 shares during the last quarter. BlackRock Inc. boosted its holdings in Ryman Hospitality Properties by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock valued at $285,547,000 after purchasing an additional 139,518 shares during the last quarter. State Street Corp boosted its holdings in Ryman Hospitality Properties by 2.7% in the 2nd quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock valued at $105,251,000 after purchasing an additional 43,334 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Ryman Hospitality Properties by 0.8% in the 3rd quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock valued at $82,074,000 after purchasing an additional 10,500 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Ryman Hospitality Properties by 2.3% in the 2nd quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock valued at $59,085,000 after purchasing an additional 20,554 shares during the last quarter. Institutional investors own 86.72% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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