Wells Fargo & Company Forecasts Strong Price Appreciation for Ryman Hospitality Properties (NYSE:RHP) Stock

Ryman Hospitality Properties (NYSE:RHP) had its price target boosted by analysts at Wells Fargo & Company from $105.00 to $114.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 13.25% from the company’s current price.

Several other analysts also recently commented on RHP. Evercore reissued an “outperform” rating and issued a $115.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Barclays increased their price objective on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Truist Financial increased their price objective on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $110.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 price target on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $115.00.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $100.66 on Wednesday. The company has a market cap of $6.35 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $105.75. The business has a 50 day moving average price of $97.16 and a 200-day moving average price of $94.83. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently bought and sold shares of RHP. Cornerstone Planning Group LLC boosted its holdings in shares of Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 269 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Ryman Hospitality Properties by 283.1% in the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 218 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.