Ryman Hospitality Properties (NYSE:RHP) Given New $114.00 Price Target at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP) had its price objective raised by Wells Fargo & Company from $108.00 to $114.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

RHP has been the topic of several other reports. Truist Financial lowered their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target for the company. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Bank of America lifted their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $115.50.

Ryman Hospitality Properties Stock Up 2.3%

Shares of NYSE:RHP opened at $99.29 on Wednesday. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $6.26 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.75 and a beta of 1.62. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77. The firm has a fifty day moving average price of $98.47 and a 200 day moving average price of $95.82.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Sell-side analysts predict that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Insider Buying and Selling at Ryman Hospitality Properties

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

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its holdings in shares of Ryman Hospitality Properties by 2.2% in 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 purchasing an additional 98 shares in the last quarter. First Community Trust NA raised its position in shares of Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 100 shares during the last quarter. Norinchukin Bank The raised its position in shares of Ryman Hospitality Properties by 4.5% during the 1st quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 120 shares during the last quarter. Cetera Investment Advisers lifted its stake in Ryman Hospitality Properties by 2.9% in the 4th 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Ryman Hospitality Properties by 3.5% during the 1st 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. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.