Truist Financial Increases Ryman Hospitality Properties (NYSE:RHP) Price Target to $129.00

Ryman Hospitality Properties (NYSE:RHP) had its target price raised by investment analysts at Truist Financial from $121.00 to $129.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price points to a potential upside of 42.59% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 price objective on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Cantor Fitzgerald lifted their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley set a $88.00 target price on Ryman Hospitality Properties in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. cut their price target on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.18.

Ryman Hospitality Properties Stock Down 2.8%

Shares of NYSE:RHP opened at $90.47 on Thursday. The company’s fifty day moving average is $96.54 and its two-hundred day moving average is $94.46. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $105.75. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RHP. Cornerstone Planning Group LLC raised its holdings in shares of Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares during the period. Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $28,000. Hantz Financial Services Inc. increased its position in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in 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 acquiring an additional 113 shares during the period. 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.