Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Rating of “Buy” by Brokerages

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) have earned a consensus rating of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $99.60.

RHP has been the subject of several recent research reports. Sumitomo Mitsui Financial Group initiated coverage on Ryman Hospitality Properties in a report on Thursday, March 24th. They issued a “neutral” rating for the company. StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday. Raymond James lifted their price objective on Ryman Hospitality Properties from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, April 14th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $100.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, April 6th. Finally, Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd.

Several hedge funds have recently added to or reduced their stakes in RHP. Emerald Advisers LLC raised its stake in shares of Ryman Hospitality Properties by 11.0% during the 1st quarter. Emerald Advisers LLC now owns 141,645 shares of the real estate investment trust’s stock valued at $13,140,000 after buying an additional 14,047 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Ryman Hospitality Properties by 1.4% in the first quarter. Daiwa Securities Group Inc. now owns 16,401 shares of the real estate investment trust’s stock valued at $1,522,000 after acquiring an additional 221 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Ryman Hospitality Properties by 9.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 43,467 shares of the real estate investment trust’s stock worth $4,140,000 after purchasing an additional 3,703 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Ryman Hospitality Properties in the 1st quarter worth approximately $27,000. Finally, Chartwell Investment Partners LLC increased its holdings in shares of Ryman Hospitality Properties by 4.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $2,017,000 after purchasing an additional 910 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of RHP opened at $93.48 on Monday. The company has a market cap of $5.16 billion, a PE ratio of -29.03 and a beta of 1.67. The business has a fifty day moving average of $91.40 and a 200 day moving average of $88.62. Ryman Hospitality Properties has a 52-week low of $68.64 and a 52-week high of $101.19.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last released its earnings results on Thursday, February 24th. The real estate investment trust reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.05. Ryman Hospitality Properties had a negative return on equity of 1,684.43% and a negative net margin of 18.84%. The business had revenue of $377.43 million during the quarter, compared to the consensus estimate of $321.16 million. During the same period last year, the company earned ($0.56) earnings per share. The business’s revenue for the quarter was up 198.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryman Hospitality Properties will post 5.72 EPS for the current year.

About Ryman Hospitality Properties (Get Rating)

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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