Ryman Hospitality Properties (NYSE:RHP) was upgraded by Bank of America from an “underperform” rating to a “buy” rating in a research report issued on Monday.

RHP has been the topic of a number of other reports. Wells Fargo & Co raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Tuesday, December 19th. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and set a $60.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, ValuEngine upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ryman Hospitality Properties currently has an average rating of “Buy” and an average target price of $67.80.

Shares of Ryman Hospitality Properties (RHP) traded up $0.82 on Monday, reaching $70.29. 337,600 shares of the company were exchanged, compared to its average volume of 266,000. The stock has a market capitalization of $3,600.00, a P/E ratio of 23.75, a P/E/G ratio of 1.87 and a beta of 1.17. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. Ryman Hospitality Properties has a 1-year low of $57.78 and a 1-year high of $71.13.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.38. The business had revenue of $264.70 million for the quarter, compared to the consensus estimate of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. Ryman Hospitality Properties’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. research analysts anticipate that Ryman Hospitality Properties will post 5.47 EPS for the current year.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 4,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.73, for a total transaction of $278,920.00. Following the transaction, the executive vice president now directly owns 14,744 shares in the company, valued at $1,028,099.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Colin V. Reed sold 19,280 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The disclosure for this sale can be found here. Insiders have sold 27,611 shares of company stock worth $1,796,947 over the last quarter. Company insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RHP. IHT Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter worth approximately $239,000. Advisor Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 646 shares during the last quarter. Cable Hill Partners LLC bought a new position in shares of Ryman Hospitality Properties in the third quarter worth approximately $109,000. Quantbot Technologies LP bought a new position in shares of Ryman Hospitality Properties in the third quarter worth approximately $161,000. Finally, Profund Advisors LLC grew its holdings in shares of Ryman Hospitality Properties by 5.2% in the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

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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.

Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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