Ryman Hospitality Properties (NYSE:RHP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Ryman Hospitality Properties (NYSE:RHP) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $113.00 to $129.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 1.39% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Barclays increased their price target on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $126.10.

Ryman Hospitality Properties Stock Up 0.7%

Ryman Hospitality Properties stock opened at $130.82 on Tuesday. Ryman Hospitality Properties has a fifty-two week low of $83.82 and a fifty-two week high of $132.41. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.20. The stock’s fifty day moving average is $121.33 and its two-hundred day moving average is $106.13. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in shares of Ryman Hospitality Properties by 44.1% during the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after buying an additional 12,169 shares during the period. AQR Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 7,610 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ryman Hospitality Properties by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after buying an additional 63,507 shares during the period. Jane Street Group LLC boosted its holdings in Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after acquiring an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other 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.