Ryman Hospitality Properties (NYSE:RHP) Downgraded to “Sell” Rating by StockNews.com

Ryman Hospitality Properties (NYSE:RHP) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

RHP has been the topic of several other research reports. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Wells Fargo & Company dropped their target price 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 increased their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Hold” and an average target price of $126.17.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded down $5.16 during midday trading on Friday, reaching $98.48. The company had a trading volume of 1,362,355 shares, compared to its average volume of 463,872. Ryman Hospitality Properties has a 1 year low of $93.76 and a 1 year high of $122.91. The business’s 50-day simple moving average is $104.26 and its 200 day simple moving average is $106.89. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market cap of $5.90 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.70 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. On average, analysts forecast that Ryman Hospitality Properties will post 8.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently modified their holdings of RHP. DigitalBridge Group Inc. acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $12,218,000. GF Fund Management CO. LTD. acquired a new stake in Ryman Hospitality Properties in the fourth quarter valued at $108,000. GTS Securities LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $464,000. Sophron Capital Management L.P. acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $8,064,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Ryman Hospitality Properties by 13.9% in the fourth quarter. Squarepoint Ops LLC now owns 10,593 shares of the real estate investment trust’s stock worth $1,105,000 after acquiring an additional 1,296 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other 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.