JPMorgan Chase & Co. Lowers Ryman Hospitality Properties (NYSE:RHP) Price Target to $111.00

Ryman Hospitality Properties (NYSE:RHP) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $113.00 to $111.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.37% from the company’s current price.

Other research analysts also recently issued reports about the stock. Barclays set a $109.00 price target on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Wells Fargo & Company cut their target price on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Morgan Stanley set a $88.00 target price on Ryman Hospitality Properties in a report on Friday, January 16th. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.73.

Ryman Hospitality Properties Trading Up 1.1%

NYSE:RHP opened at $96.21 on Tuesday. The company has a market cap of $6.06 billion, a PE ratio of 25.45, a P/E/G ratio of 2.43 and a beta of 1.21. The business’s 50 day moving average is $95.24 and its two-hundred day moving average is $94.41. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $105.51.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same period in the previous year, the business earned $1.93 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,993 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $92.16 per share, with a total value of $828,794.88. Following the acquisition, the chairman directly owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This represents a 1.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after purchasing an additional 166,293 shares during the period. State Street Corp grew its position in Ryman Hospitality Properties by 0.6% in the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after buying an additional 20,756 shares in the last quarter. Geode Capital Management LLC increased its stake in Ryman Hospitality Properties by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock valued at $148,248,000 after buying an additional 9,629 shares during the period. American Century Companies Inc. increased its stake in Ryman Hospitality Properties by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock valued at $119,593,000 after buying an additional 144,870 shares during the period. Finally, Cooke & Bieler LP raised its position in shares of Ryman Hospitality Properties by 21.4% during the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after buying an additional 195,330 shares in the last quarter. Institutional investors and hedge funds 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.