Shares of Ryman Hospitality Properties Inc (NYSE:RHP) have been given an average rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $91.50.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. ValuEngine lowered shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Deutsche Bank upped their price objective on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 11th. Finally, Raymond James raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th.
NYSE RHP traded down $1.29 on Thursday, hitting $82.66. The company’s stock had a trading volume of 244,597 shares, compared to its average volume of 268,381. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.23 and a current ratio of 1.23. Ryman Hospitality Properties has a 1-year low of $64.36 and a 1-year high of $90.02. The stock has a market cap of $4.24 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36.
In other news, CEO Colin V. Reed acquired 6,106 shares of Ryman Hospitality Properties stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $82.46 per share, with a total value of $503,500.76. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer L. Hutcheson sold 1,892 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $82.39, for a total transaction of $155,881.88. Following the completion of the sale, the chief accounting officer now directly owns 5,818 shares in the company, valued at $479,345.02. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Ryman Hospitality Properties by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 771,843 shares of the real estate investment trust’s stock worth $51,474,000 after acquiring an additional 53,754 shares in the last quarter. Norges Bank bought a new position in Ryman Hospitality Properties during the fourth quarter worth $34,191,000. Aurora Investment Counsel boosted its stake in Ryman Hospitality Properties by 4.7% during the fourth quarter. Aurora Investment Counsel now owns 22,743 shares of the real estate investment trust’s stock worth $1,517,000 after acquiring an additional 1,016 shares in the last quarter. Amalgamated Bank boosted its stake in Ryman Hospitality Properties by 150.0% during the fourth quarter. Amalgamated Bank now owns 6,570 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 3,942 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Ryman Hospitality Properties by 8.2% during the fourth quarter. Macquarie Group Ltd. now owns 19,800 shares of the real estate investment trust’s stock worth $1,320,000 after acquiring an additional 1,500 shares in the last quarter. 87.15% of the stock is currently owned by institutional investors and hedge funds.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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