Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Target Price at $106.00

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $109.40.

A number of brokerages have recently issued reports on RHP. JPMorgan Chase & Co. dropped their price objective on shares of Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating for the company in a research note on Monday, August 7th. StockNews.com started coverage on shares of Ryman Hospitality Properties in a research report on Thursday, August 17th. They set a “sell” rating for the company. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $96.00 to $107.00 in a research report on Wednesday, July 12th. Truist Financial increased their target price on shares of Ryman Hospitality Properties from $119.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Ryman Hospitality Properties from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, August 7th.

Insider Activity

In other Ryman Hospitality Properties news, Director William E. Haslam bought 11,507 shares of Ryman Hospitality Properties stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $86.90 per share, with a total value of $999,958.30. Following the purchase, the director now owns 11,507 shares of the company’s stock, valued at $999,958.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RHP. Westpac Banking Corp boosted its stake in Ryman Hospitality Properties by 145.1% during the 1st quarter. Westpac Banking Corp now owns 64,251 shares of the real estate investment trust’s stock worth $5,765,000 after acquiring an additional 38,038 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Ryman Hospitality Properties by 4.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 57,940 shares of the real estate investment trust’s stock worth $5,199,000 after acquiring an additional 2,230 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Ryman Hospitality Properties by 7.8% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 30,085 shares of the real estate investment trust’s stock worth $2,700,000 after acquiring an additional 2,174 shares during the last quarter. BOKF NA bought a new position in Ryman Hospitality Properties during the 1st quarter worth approximately $64,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Ryman Hospitality Properties by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 83,610 shares of the real estate investment trust’s stock worth $7,502,000 after acquiring an additional 778 shares during the last quarter. Institutional investors own 91.23% of the company’s stock.

Ryman Hospitality Properties Trading Up 1.4 %

Shares of RHP stock opened at $86.10 on Thursday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 6.78. The firm’s fifty day simple moving average is $88.90 and its 200 day simple moving average is $90.44. Ryman Hospitality Properties has a 1 year low of $71.63 and a 1 year high of $98.60.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.