Cantor Fitzgerald Raises Ryman Hospitality Properties (NYSE:RHP) Price Target to $115.00

Ryman Hospitality Properties (NYSE:RHP) had its price objective increased by Cantor Fitzgerald from $108.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 15.38% from the stock’s current price.

Several other brokerages have also recently commented on RHP. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Finally, Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

Ryman Hospitality Properties Stock Up 1.2%

Shares of NYSE:RHP opened at $99.67 on Tuesday. The firm has a market cap of $6.28 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.60 and a beta of 1.18. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $105.75. The business has a fifty day simple moving average of $97.30 and a 200 day simple moving average of $95.07. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares during the period. Norinchukin Bank The boosted its holdings in Ryman Hospitality Properties by 4.2% in the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 119 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Ryman Hospitality Properties by 11.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 130 shares during the period. Lido Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 3.1% during the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after acquiring an additional 132 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of Ryman Hospitality Properties by 1.5% during the third quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock valued at $808,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.