Ryman Hospitality Properties (RHP) Receives “Buy” Rating from Wells Fargo & Co

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Ryman Hospitality Properties (NYSE:RHP)‘s stock had its “buy” rating reissued by research analysts at Wells Fargo & Co in a research note issued on Friday, June 1st.

Several other research analysts have also recently issued reports on RHP. Citigroup upgraded Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, April 6th. ValuEngine upgraded Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Bank of America raised their price target on Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Deutsche Bank raised their price target on Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, SunTrust Banks raised their price target on Ryman Hospitality Properties to $70.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ryman Hospitality Properties has a consensus rating of “Buy” and an average target price of $82.17.

RHP stock opened at $84.09 on Friday. The company has a market cap of $4.24 billion, a P/E ratio of 15.12, a PEG ratio of 1.88 and a beta of 1.23. Ryman Hospitality Properties has a fifty-two week low of $57.78 and a fifty-two week high of $85.77. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.26 and a current ratio of 1.26.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.66). Ryman Hospitality Properties had a net margin of 14.27% and a return on equity of 48.28%. The firm had revenue of $288.40 million during the quarter, compared to analyst estimates of $283.46 million. During the same period in the previous year, the company posted $1.22 earnings per share. Ryman Hospitality Properties’s revenue was up 4.5% compared to the same quarter last year. analysts anticipate that Ryman Hospitality Properties will post 5.91 EPS for the current year.

In other news, SVP Jennifer L. Hutcheson sold 2,428 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $83.15, for a total value of $201,888.20. Following the transaction, the senior vice president now directly owns 7,763 shares of the company’s stock, valued at approximately $645,493.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bennett D. Westbrook sold 5,000 shares of Ryman Hospitality Properties stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $81.81, for a total value of $409,050.00. Following the completion of the transaction, the executive vice president now directly owns 14,466 shares in the company, valued at $1,183,463.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,928 shares of company stock worth $1,809,048. 3.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RHP. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ryman Hospitality Properties by 17,389.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,817 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 13,738 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ryman Hospitality Properties by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 726 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $284,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $400,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 843,020 shares of the real estate investment trust’s stock valued at $58,185,000 after buying an additional 43,671 shares during the period. 86.53% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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