Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $118.71 Consensus Price Target from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $118.71.

Several analysts recently commented on RHP shares. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Ryman Hospitality Properties Stock Up 0.6 %

Shares of Ryman Hospitality Properties stock opened at $103.96 on Thursday. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The company has a 50-day moving average of $100.59 and a 200 day moving average of $106.64. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.08 and a beta of 1.64. Ryman Hospitality Properties has a 1 year low of $79.86 and a 1 year high of $122.91.

Insider Activity

In other news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $105.94, for a total transaction of $157,956.54. Following the sale, the director now owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director William E. Haslam purchased 9,972 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average price of $100.28 per share, with a total value of $999,992.16. Following the acquisition, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $105.94, for a total transaction of $157,956.54. Following the sale, the director now directly owns 4,973 shares in the company, valued at approximately $526,839.62. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently made changes to their positions in RHP. GAMMA Investing LLC purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $27,000. Fifth Third Bancorp boosted its holdings in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares during the last quarter. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties in the second quarter worth approximately $32,000. Finally, Quest Partners LLC boosted its holdings in shares of Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.