Ryman Hospitality Properties (NYSE:RHP) Lowered to “Sell” at StockNews.com

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

A number of other brokerages also recently weighed in on RHP. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ryman Hospitality Properties from $114.00 to $116.00 in a research note on Thursday. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 3rd. Wells Fargo & Company lifted 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. Sumitomo Mitsui Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Thursday, March 24th. They set a “neutral” rating for the company. Finally, Raymond James lifted their target price on shares of Ryman Hospitality Properties from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $100.67.

Shares of NYSE:RHP opened at $92.08 on Friday. The firm has a market cap of $5.08 billion, a PE ratio of -52.02 and a beta of 1.55. The firm’s fifty day moving average is $91.73 and its 200-day moving average is $88.84. Ryman Hospitality Properties has a 52 week low of $68.64 and a 52 week high of $101.19.

Ryman Hospitality Properties (NYSE:RHP – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.38). Ryman Hospitality Properties had a negative return on equity of 1,684.43% and a negative net margin of 8.41%. During the same quarter last year, the business posted ($0.91) EPS. Research analysts anticipate that Ryman Hospitality Properties will post 5.74 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Epoch Investment Partners Inc. increased its stake in Ryman Hospitality Properties by 4.6% in the third quarter. Epoch Investment Partners Inc. now owns 483,400 shares of the real estate investment trust’s stock valued at $40,461,000 after purchasing an additional 21,159 shares in the last quarter. Taconic Capital Advisors LP increased its position in shares of Ryman Hospitality Properties by 9.1% during the third quarter. Taconic Capital Advisors LP now owns 229,150 shares of the real estate investment trust’s stock worth $19,180,000 after acquiring an additional 19,150 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Ryman Hospitality Properties during the third quarter worth about $441,000. Russell Investments Group Ltd. increased its position in shares of Ryman Hospitality Properties by 14.3% during the fourth quarter. Russell Investments Group Ltd. now owns 821,584 shares of the real estate investment trust’s stock worth $75,480,000 after acquiring an additional 102,988 shares in the last quarter. Finally, Eaton Vance Management increased its position in shares of Ryman Hospitality Properties by 78.6% during the third quarter. Eaton Vance Management now owns 30,358 shares of the real estate investment trust’s stock worth $2,541,000 after acquiring an additional 13,362 shares in the last quarter. 95.20% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile (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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