Ryman Hospitality Properties (NYSE:RHP) Downgraded by StockNews.com to Sell

Ryman Hospitality Properties (NYSE:RHP) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts also recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Truist Financial increased their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Raymond James increased their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.00.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $103.02 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. The firm has a 50-day moving average of $110.09 and a 200-day moving average of $109.41. The firm has a market cap of $6.17 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.18 and a beta of 1.59. Ryman Hospitality Properties has a 1-year low of $79.86 and a 1-year high of $122.91.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 13,800 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed bought 13,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $27,000. Parallel Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 262 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter worth $35,000. Signaturefd LLC boosted its stake in shares of Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 275 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter worth $103,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

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.