Brokerages Set Ryman Hospitality Properties, Inc. (RHP) PT at $65.00
Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $65.00.
Several research firms have recently weighed in on RHP. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research 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. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Finally, UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th.
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Ryman Hospitality Properties (RHP) traded down 0.42% during mid-day trading on Tuesday, hitting $58.93. The stock had a trading volume of 103,389 shares. Ryman Hospitality Properties has a 1-year low of $47.31 and a 1-year high of $67.97. The company has a 50-day moving average price of $61.26 and a 200 day moving average price of $63.02. The company has a market cap of $2.98 billion, a P/E ratio of 18.65 and a beta of 1.15.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The company had revenue of $298.80 million for the quarter, compared to analyst estimates of $296.01 million. During the same period last year, the firm earned $1.59 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Ryman Hospitality Properties will post $3.02 EPS for the current fiscal year.
In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 30,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the transaction, the chief executive officer now owns 101,930 shares in the company, valued at approximately $6,466,439.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer L. Hutcheson sold 3,644 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total transaction of $242,508.20. Following the transaction, the senior vice president now owns 8,845 shares in the company, valued at approximately $588,634.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,644 shares of company stock worth $4,085,008. 3.40% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties during the second quarter valued at $239,000. Advisor Group Inc. raised its stake in Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 646 shares in the last quarter. James Investment Research Inc. purchased a new stake in Ryman Hospitality Properties during the first quarter valued at about $141,000. Creative Planning raised its stake in Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,079 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Ryman Hospitality Properties Company Profile
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 Georges County, Maryland.
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