Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $65.00.

Several research firms recently commented on RHP. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and set a $70.00 price objective (down previously from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. Finally, UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total transaction of $668,600.00. Following the transaction, the executive vice president now owns 18,744 shares in the company, valued at approximately $1,253,223.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer L. Hutcheson sold 3,644 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total transaction of $242,508.20. Following the transaction, the senior vice president now owns 8,845 shares in the company, valued at approximately $588,634.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,644 shares of company stock valued at $4,085,008. 3.40% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the 2nd quarter valued at approximately $239,000. Advisor Group Inc. increased its stake in Ryman Hospitality Properties by 59.0% during the 2nd quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 646 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ryman Hospitality Properties by 42.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,079 shares in the last quarter. Profund Advisors LLC increased its stake in Ryman Hospitality Properties by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 178 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Ryman Hospitality Properties by 2.4% during the 1st quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 86.96% of the company’s stock.

Shares of Ryman Hospitality Properties (RHP) traded up 0.86% during midday trading on Friday, hitting $61.23. 373,325 shares of the company traded hands. The company has a 50-day moving average price of $59.90 and a 200-day moving average price of $62.51. The stock has a market capitalization of $3.10 billion, a P/E ratio of 19.38 and a beta of 1.14. Ryman Hospitality Properties has a 52 week low of $47.31 and a 52 week high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The firm had revenue of $298.80 million during the quarter, compared to analysts’ expectations of $296.01 million. During the same quarter in the prior year, the company earned $1.59 EPS. The company’s revenue was up .9% compared to the same quarter last year. Analysts anticipate that Ryman Hospitality Properties will post $3.02 earnings per share for the current fiscal year.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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