Ryman Hospitality Properties (NYSE:RHP) was upgraded by equities research analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, MarketBeat reports. The firm presently has a $76.00 target price on the real estate investment trust’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 7.53% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. SunTrust Banks reissued a “hold” rating and issued a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $67.80.
Shares of Ryman Hospitality Properties (NYSE RHP) traded up $0.82 on Tuesday, hitting $70.68. 339,515 shares of the stock traded hands, compared to its average volume of 241,659. The firm has a market cap of $3,538.17, a PE ratio of 12.94, a P/E/G ratio of 2.59 and a beta of 1.16. 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 12 month low of $57.78 and a 12 month high of $71.00.
In related news, CEO Colin V. Reed sold 19,280 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott J. Lynn sold 3,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $68.41, for a total transaction of $222,332.50. Following the sale, the senior vice president now owns 4,147 shares of the company’s stock, valued at $283,696.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,611 shares of company stock valued at $1,796,947. 3.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of RHP. AJO LP lifted its stake in Ryman Hospitality Properties by 502.4% in the second quarter. AJO LP now owns 729,581 shares of the real estate investment trust’s stock valued at $46,700,000 after acquiring an additional 608,468 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ryman Hospitality Properties by 2.7% in the second quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock valued at $527,561,000 after acquiring an additional 219,560 shares during the last quarter. Numeric Investors LLC lifted its stake in Ryman Hospitality Properties by 179.0% in the second quarter. Numeric Investors LLC now owns 337,563 shares of the real estate investment trust’s stock valued at $21,607,000 after acquiring an additional 216,563 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in Ryman Hospitality Properties in the second quarter valued at approximately $9,215,000. Finally, BlackRock Inc. lifted its stake in Ryman Hospitality Properties by 3.2% in the second quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock valued at $285,547,000 after acquiring an additional 139,518 shares during the last quarter. Hedge funds and other institutional investors 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 Georges County, Maryland.
