Ryman Hospitality Properties (NYSE:RHP) Upgraded to “Hold” at StockNews.com

Ryman Hospitality Properties (NYSE:RHP – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other research analysts also recently issued reports on RHP. Raymond James raised their price objective on shares of Ryman Hospitality Properties from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ryman Hospitality Properties from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. Sumitomo Mitsui Financial Group began coverage on shares of Ryman Hospitality Properties in a research report on Thursday, March 24th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $100.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $100.33.

NYSE RHP opened at $98.70 on Thursday. The firm’s fifty day moving average price is $90.78 and its 200 day moving average price is $88.09. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of -30.65 and a beta of 1.67. Ryman Hospitality Properties has a 12 month low of $68.64 and a 12 month high of $101.19.

Ryman Hospitality Properties (NYSE:RHP – Get Rating) last posted its earnings results on Thursday, February 24th. The real estate investment trust reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. Ryman Hospitality Properties had a negative net margin of 18.84% and a negative return on equity of 1,684.43%. The firm had revenue of $377.43 million for the quarter, compared to the consensus estimate of $321.16 million. During the same period last year, the firm posted ($0.56) EPS. The company’s revenue was up 198.4% on a year-over-year basis. As a group, equities analysts expect that Ryman Hospitality Properties will post 5.72 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $27,000. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $37,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $41,000. FMR LLC raised its position in Ryman Hospitality Properties by 24.5% during the first quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 196 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in Ryman Hospitality Properties by 78.4% during the third quarter. Penserra Capital Management LLC now owns 1,550 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 681 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Ryman Hospitality Properties (Get Rating)

Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

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