Ryman Hospitality Properties (NYSE:RHP) Given New $127.00 Price Target at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its target price cut by equities researchers at Truist Financial from $133.00 to $127.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 34.27% from the stock’s previous close.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

Ryman Hospitality Properties Trading Down 1.1 %

Shares of RHP stock opened at $94.59 on Friday. The business’s fifty day moving average price is $100.86 and its 200 day moving average price is $106.31. Ryman Hospitality Properties has a 1-year low of $92.04 and a 1-year high of $121.77. The firm has a market capitalization of $5.67 billion, a PE ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, sell-side analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after purchasing an additional 931,283 shares during the last quarter. Pathstone Holdings LLC increased its stake in Ryman Hospitality Properties by 9.6% in the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the real estate investment trust’s stock valued at $2,203,000 after purchasing an additional 1,800 shares during the last quarter. Avior Wealth Management LLC increased its stake in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in Ryman Hospitality Properties by 2.4% in the third quarter. Segall Bryant & Hamill LLC now owns 18,310 shares of the real estate investment trust’s stock valued at $1,964,000 after purchasing an additional 429 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Ryman Hospitality Properties in the third quarter valued at $1,777,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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