Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) PT at $114.75

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $114.75.

Several analysts recently issued reports on RHP shares. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Bank of America lifted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price objective for the company. Finally, Evercore ISI reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th.

Insider Activity at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the acquisition, the director owned 2,000 shares of the company’s stock, valued at $190,660. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Colin V. Reed purchased 8,356 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares of the company’s stock, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of Ryman Hospitality Properties

Several large investors have recently bought and sold shares of RHP. Envestnet Asset Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 12.6% during the first quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock valued at $6,753,000 after buying an additional 8,261 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Ryman Hospitality Properties by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Ryman Hospitality Properties by 53.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 2,615 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 44.3% in the first quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 5,125 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Ryman Hospitality Properties by 751.6% in the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 15,039 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.0%

Ryman Hospitality Properties stock opened at $94.42 on Thursday. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $121.77. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.18 and a beta of 1.62. The firm has a 50 day moving average of $98.69 and a 200 day moving average of $96.19. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $659.52 million during the quarter, compared to analysts’ expectations of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.78 earnings per share. As a group, research analysts predict that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

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.