Deutsche Bank set a $94.00 target price on Ryman Hospitality Properties (NYSE:RHP) in a research report released on Saturday morning. The firm currently has a buy rating on the real estate investment trust’s stock.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Ryman Hospitality Properties from a hold rating to a buy rating and set a $93.00 target price for the company in a report on Tuesday, June 19th. Wells Fargo & Co restated a buy rating on shares of Ryman Hospitality Properties in a report on Friday, June 1st. Finally, ValuEngine downgraded Ryman Hospitality Properties from a strong-buy rating to a buy rating in a report on Saturday, June 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $84.00.
Shares of RHP stock opened at $87.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.48. Ryman Hospitality Properties has a fifty-two week low of $60.11 and a fifty-two week high of $90.02. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.93 and a beta of 1.26.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.68). Ryman Hospitality Properties had a net margin of 14.53% and a return on equity of 48.96%. The company had revenue of $333.90 million during the quarter, compared to the consensus estimate of $329.60 million. During the same quarter in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities analysts predict that Ryman Hospitality Properties will post 5.92 EPS for the current year.
In related news, SVP Jennifer L. Hutcheson sold 2,428 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $83.15, for a total transaction of $201,888.20. Following the completion of the transaction, the senior vice president now owns 7,763 shares in the company, valued at $645,493.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Honeywell International Inc. grew its stake in Ryman Hospitality Properties by 38.9% in the second quarter. Honeywell International Inc. now owns 28,940 shares of the real estate investment trust’s stock worth $2,406,000 after purchasing an additional 8,110 shares during the period. WINTON GROUP Ltd purchased a new stake in Ryman Hospitality Properties in the first quarter worth $1,609,000. Federated Investors Inc. PA grew its stake in Ryman Hospitality Properties by 1.3% in the second quarter. Federated Investors Inc. PA now owns 688,257 shares of the real estate investment trust’s stock worth $57,229,000 after purchasing an additional 8,772 shares during the period. Swiss National Bank grew its stake in Ryman Hospitality Properties by 2.2% in the first quarter. Swiss National Bank now owns 80,200 shares of the real estate investment trust’s stock worth $6,211,000 after purchasing an additional 1,700 shares during the period. Finally, Amalgamated Bank grew its stake in Ryman Hospitality Properties by 15.5% in the second quarter. Amalgamated Bank now owns 6,827 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 914 shares during the period. 85.13% of the stock is currently owned by institutional investors.
Ryman Hospitality Properties Company Profile
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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