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

Ryman Hospitality Properties (NYSE:RHPGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

RHP has been the subject of a number of other reports. Sumitomo Mitsui Financial Group began coverage on Ryman Hospitality Properties in a report on Thursday, March 24th. They issued a “neutral” rating for the company. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. Raymond James lifted their price target on Ryman Hospitality Properties from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, April 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Ryman Hospitality Properties from $114.00 to $116.00 in a report on Thursday, May 5th. Finally, Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $100.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, April 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $100.67.

Ryman Hospitality Properties stock opened at $88.21 on Friday. The company has a market capitalization of $4.86 billion, a PE ratio of -49.84 and a beta of 1.55. The business has a 50 day simple moving average of $91.66 and a 200 day simple moving average of $88.94. Ryman Hospitality Properties has a one year low of $68.64 and a one year high of $101.19.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.38). Ryman Hospitality Properties had a negative net margin of 8.41% and a negative return on equity of 1,684.43%. During the same period in the prior year, the company posted ($0.91) earnings per share. On average, sell-side analysts anticipate that Ryman Hospitality Properties will post 5.91 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. bought a new position in Ryman Hospitality Properties during the third quarter worth about $27,000. Thompson Siegel & Walmsley LLC bought a new position in Ryman Hospitality Properties during the first quarter worth about $27,000. Lazard Asset Management LLC boosted its holdings in Ryman Hospitality Properties by 667.4% during the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 287 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $37,000. Finally, Sageworth Trust Co of South Dakota bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $41,000. 95.20% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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