Ryman Hospitality Properties (NYSE:RHP) Releases Earnings Results, Misses Estimates By $1.38 EPS

Ryman Hospitality Properties (NYSE:RHP – Get Rating) issued its quarterly earnings results on Monday. The real estate investment trust reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.38), MarketWatch Earnings reports. Ryman Hospitality Properties had a negative net margin of 18.84% and a negative return on equity of 1,684.43%. During the same period last year, the business earned ($0.91) EPS.

NYSE:RHP opened at $92.85 on Tuesday. The stock has a fifty day simple moving average of $91.45 and a 200 day simple moving average of $88.68. Ryman Hospitality Properties has a 1-year low of $68.64 and a 1-year high of $101.19.

Several research analysts recently weighed in on the company. Raymond James raised their target price on Ryman Hospitality Properties from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $100.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their target price on Ryman Hospitality Properties from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. Finally, Sumitomo Mitsui Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Thursday, March 24th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Ryman Hospitality Properties has an average rating of “Buy” and an average target price of $100.33.

Institutional investors have recently made changes to their positions in the stock. Walleye Trading LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter worth about $202,000. Penserra Capital Management LLC lifted its stake in Ryman Hospitality Properties by 80.3% in the 4th quarter. Penserra Capital Management LLC now owns 2,795 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 1,245 shares in the last quarter. Royal Bank of Canada lifted its stake in Ryman Hospitality Properties by 71.1% in the 3rd quarter. Royal Bank of Canada now owns 10,945 shares of the real estate investment trust’s stock worth $916,000 after acquiring an additional 4,549 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in Ryman Hospitality Properties by 4.7% in the 4th quarter. Vident Investment Advisory LLC now owns 10,264 shares of the real estate investment trust’s stock worth $943,000 after acquiring an additional 457 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Ryman Hospitality Properties by 105.9% during the 4th quarter. Barclays PLC now owns 71,875 shares of the real estate investment trust’s stock worth $6,610,000 after purchasing an additional 36,973 shares in the last quarter. 95.20% of the stock is owned by hedge funds and other institutional investors.

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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