Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $118.71.

Several brokerages have issued reports on RHP. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. JPMorgan Chase & Co. lifted their target price 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. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday.

Ryman Hospitality Properties Trading Up 1.6 %

Shares of Ryman Hospitality Properties stock opened at $98.12 on Friday. Ryman Hospitality Properties has a 1 year low of $79.86 and a 1 year high of $122.91. The firm has a market cap of $5.88 billion, a PE ratio of 20.31, a PEG ratio of 2.08 and a beta of 1.64. 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 simple moving average of $100.52 and a two-hundred day simple moving average of $107.93.

Insider Transactions at Ryman Hospitality Properties

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

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHP. Raymond James & Associates raised its holdings in Ryman Hospitality Properties by 39.6% during the 4th quarter. Raymond James & Associates now owns 8,146 shares of the real estate investment trust’s stock valued at $897,000 after buying an additional 2,310 shares during the last quarter. TIAA Trust National Association purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at $220,000. DekaBank Deutsche Girozentrale increased its position in Ryman Hospitality Properties by 29.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock valued at $4,336,000 after purchasing an additional 8,945 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Ryman Hospitality Properties by 9.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,638 shares of the real estate investment trust’s stock valued at $3,262,000 after purchasing an additional 2,652 shares during the period. Finally, Custom Index Systems LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at $283,000. 94.48% of the stock is currently owned by institutional investors.

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.