Ryman Hospitality Properties (NYSE:RHP) Given New $113.00 Price Target at JPMorgan Chase & Co.

Ryman Hospitality Properties (NYSE:RHP) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $111.00 to $113.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 4.53% from the stock’s previous close.

A number of other equities research analysts have also recently commented on RHP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Evercore restated an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 22nd. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $115.20.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded up $2.70 on Tuesday, reaching $108.10. 641,270 shares of the stock were exchanged, compared to its average volume of 528,832. Ryman Hospitality Properties has a one year low of $83.82 and a one year high of $109.94. The firm has a market capitalization of $6.82 billion, a PE ratio of 28.52, a PEG ratio of 2.27 and a beta of 1.22. The company’s 50-day simple moving average is $97.33 and its two-hundred day simple moving average is $95.43. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 5.15.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. First Dallas Securities Inc. raised its position in shares of Ryman Hospitality Properties by 103.9% during the third quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 13,275 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Ryman Hospitality Properties by 37.3% during the third quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock valued at $4,712,000 after buying an additional 14,296 shares during the last quarter. Hamlin Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 10.5% during the third quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock valued at $88,513,000 after buying an additional 93,490 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Ryman Hospitality Properties during the third quarter valued at approximately $776,000. Finally, Strs Ohio raised its position in shares of Ryman Hospitality Properties by 23.3% during the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock valued at $10,242,000 after buying an additional 21,600 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.