BMO Capital Markets Initiates Coverage on Ryman Hospitality Properties (NYSE:RHP)

Analysts at BMO Capital Markets began coverage on shares of Ryman Hospitality Properties (NYSE:RHP) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $133.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price objective suggests a potential upside of 13.11% from the company’s previous close.

RHP has been the topic of a number of other research reports. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. Truist Financial upped their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.29.

Ryman Hospitality Properties Stock Down 0.4 %

Shares of RHP opened at $117.58 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company has a 50-day simple moving average of $112.30 and a 200-day simple moving average of $105.48. Ryman Hospitality Properties has a 52 week low of $93.76 and a 52 week high of $122.91. The firm has a market capitalization of $7.04 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.98 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. On average, equities research analysts expect that Ryman Hospitality Properties will post 8.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its holdings in Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares during the period. Sanctuary Advisors LLC lifted its stake in Ryman Hospitality Properties by 121.1% in the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 3,523 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Ryman Hospitality Properties by 33.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 24,486 shares of the real estate investment trust’s stock worth $2,626,000 after buying an additional 6,186 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Ryman Hospitality Properties by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock worth $156,427,000 after buying an additional 12,323 shares during the period. Finally, Vestcor Inc increased its stake in shares of Ryman Hospitality Properties by 92.4% in the 3rd quarter. Vestcor Inc now owns 29,989 shares of the real estate investment trust’s stock valued at $3,216,000 after acquiring an additional 14,400 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Ryman Hospitality Properties

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.