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

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $126.17.

Several analysts have recently issued reports on RHP shares. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company.

Ryman Hospitality Properties Trading Down 1.2 %

Shares of Ryman Hospitality Properties stock opened at $103.45 on Thursday. The business has a 50 day moving average price of $104.79 and a 200 day moving average price of $106.90. The company has a market capitalization of $6.20 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.44 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties has a 1 year low of $93.76 and a 1 year high of $122.91.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Quantinno Capital Management LP increased its position in shares of Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 98 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 125 shares in the last quarter. Arizona State Retirement System boosted its position in Ryman Hospitality Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock valued at $1,723,000 after buying an additional 132 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Finally, Tidal Investments LLC increased 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 purchasing an additional 152 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.