Ryman Hospitality Properties (NYSE:RHP) Stock Rating Upgraded by Wall Street Zen

Ryman Hospitality Properties (NYSE:RHP) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

RHP has been the subject of a number of other reports. Wells Fargo & Company upgraded Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Cantor Fitzgerald initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price target for the company. Evercore ISI lowered their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Finally, Bank of America raised their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.40.

Ryman Hospitality Properties Stock Up 2.4%

RHP stock opened at $93.78 on Friday. Ryman Hospitality Properties has a one year low of $76.27 and a one year high of $121.77. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s fifty day moving average is $92.56 and its 200 day moving average is $95.58. The firm has a market cap of $5.91 billion, a PE ratio of 22.38, a P/E/G ratio of 1.60 and a beta of 1.60.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. During the same period last year, the company earned $1.93 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 7.7% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. On average, research analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the acquisition, the director owned 2,000 shares of the company’s stock, valued at $190,660. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 206.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 39,141 shares of the real estate investment trust’s stock valued at $3,507,000 after buying an additional 26,370 shares during the period. M&G PLC bought a new stake in Ryman Hospitality Properties in the third quarter valued at about $205,000. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock worth $816,035,000 after purchasing an additional 166,293 shares during the period. Texas Yale Capital Corp. lifted its holdings in shares of Ryman Hospitality Properties by 84.0% in the 3rd quarter. Texas Yale Capital Corp. now owns 12,790 shares of the real estate investment trust’s stock worth $1,146,000 after purchasing an additional 5,840 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Ryman Hospitality Properties by 6.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 73,434 shares of the real estate investment trust’s stock worth $6,579,000 after buying an additional 4,707 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.