Ryman Hospitality Properties (NYSE:RHP) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a sell rating in a research note published on Saturday.

RHP has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target for the company. Evercore ISI decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.75.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $91.89 on Friday. The company has a 50 day moving average price of $98.78 and a 200-day moving average price of $96.41. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a market capitalization of $5.79 billion, a PE ratio of 21.93, a P/E/G ratio of 2.13 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter in the previous year, the firm posted $2.78 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,356 shares of the business’s stock in a transaction on Monday, June 9th. The shares were acquired at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the acquisition, the chairman owned 870,406 shares of the company’s stock, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares in the company, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP grew its holdings in shares of Ryman Hospitality Properties by 2.2% during the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 98 shares during the last quarter. First Community Trust NA grew its holdings in shares of Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 100 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Ryman Hospitality Properties by 4.5% during the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 120 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 125 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 130 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

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 seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.