Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of “Buy” from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) has earned an average rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $100.00.

Several equities research analysts have issued reports on RHP shares. Sumitomo Mitsui Financial Group began coverage on shares of Ryman Hospitality Properties in a research report on Thursday, March 24th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Ryman Hospitality Properties from $114.00 to $116.00 in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 3rd. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 15th. Finally, Raymond James upped their price objective on shares of Ryman Hospitality Properties from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, April 14th.

Several hedge funds and other institutional investors have recently modified their holdings of RHP. BlackRock Inc. increased its position in Ryman Hospitality Properties by 2.0% during the fourth quarter. BlackRock Inc. now owns 4,864,221 shares of the real estate investment trust’s stock worth $447,314,000 after purchasing an additional 95,557 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Ryman Hospitality Properties by 2.4% in the third quarter. Wellington Management Group LLP now owns 3,806,237 shares of the real estate investment trust’s stock valued at $318,583,000 after purchasing an additional 90,322 shares during the period. State Street Corp boosted its stake in shares of Ryman Hospitality Properties by 14.6% in the first quarter. State Street Corp now owns 2,640,373 shares of the real estate investment trust’s stock valued at $244,947,000 after purchasing an additional 336,493 shares during the period. Invesco Ltd. boosted its stake in shares of Ryman Hospitality Properties by 776.4% in the third quarter. Invesco Ltd. now owns 2,296,820 shares of the real estate investment trust’s stock valued at $192,242,000 after purchasing an additional 2,034,749 shares during the period. Finally, Cohen & Steers Inc. boosted its stake in shares of Ryman Hospitality Properties by 298,621.2% in the third quarter. Cohen & Steers Inc. now owns 2,102,997 shares of the real estate investment trust’s stock valued at $176,021,000 after purchasing an additional 2,102,293 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.

Shares of RHP stock traded up $2.11 on Friday, hitting $88.95. 3,434 shares of the stock traded hands, compared to its average volume of 411,792. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of -49.79 and a beta of 1.55. Ryman Hospitality Properties has a 52 week low of $71.03 and a 52 week high of $101.19. The firm has a 50 day simple moving average of $91.03 and a two-hundred day simple moving average of $88.71.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned ($0.91) earnings per share. Analysts forecast that Ryman Hospitality Properties will post 5.91 earnings per share for the current fiscal 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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