JPMorgan Chase & Co. lowered shares of Ryman Hospitality Properties (NYSE:RHP) from a neutral rating to an underweight rating in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage currently has $77.00 price target on the real estate investment trust’s stock, down from their prior price target of $80.00.
Ryman Hospitality Properties stock opened at $77.11 on Tuesday. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.16 and a quick ratio of 1.16. 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 $3.97 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.51 and a beta of 1.17. The stock has a 50-day moving average price of $80.24.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.85). Ryman Hospitality Properties had a return on equity of 67.41% and a net margin of 19.65%. The firm had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $363.63 million. During the same period last year, the company earned $1.18 earnings per share. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. On average, equities analysts predict that Ryman Hospitality Properties will post 6.71 EPS for the current year.
In other news, EVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $83.05, for a total transaction of $269,912.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.
Large investors have recently modified their holdings of the company. Resources Investment Advisors Inc. purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $25,000. Pinnacle Financial Partners Inc. purchased a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $75,000. FMR LLC increased its position in shares of Ryman Hospitality Properties by 24.5% during the first quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 196 shares during the period. Advisory Services Network LLC increased its position in shares of Ryman Hospitality Properties by 15.3% during the first quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 133 shares during the period. Finally, Advisor Group Inc. increased its position in shares of Ryman Hospitality Properties by 18.8% during the fourth quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 273 shares during the period. 87.63% 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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