Ryman Hospitality Properties (NYSE:RHP) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a report published on Friday morning.

Several other analysts also recently issued reports on RHP. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Truist Financial cut their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating for the company in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating for the company in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of Moderate Buy and a consensus target price of $118.71.

Ryman Hospitality Properties Stock Up 2.1 %

Ryman Hospitality Properties stock opened at $100.13 on Friday. The stock has a market capitalization of $6.00 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.08 and a beta of 1.64. Ryman Hospitality Properties has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33. The company has a 50 day moving average of $100.30 and a 200-day moving average of $107.75.

Insider Activity

In other news, Director Christine Pantoya sold 1,491 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the sale, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Christine Pantoya sold 1,491 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the sale, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed bought 8,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xponance Inc. boosted its holdings in Ryman Hospitality Properties by 2.6% in the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 91 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock valued at $3,829,000 after purchasing an additional 138 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Ryman Hospitality Properties by 3.0% in the first quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 152 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Ryman Hospitality Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock valued at $3,191,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.