Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $132.00 at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its target price lifted by analysts at Truist Financial from $129.00 to $132.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would suggest a potential upside of 15.78% from the stock’s current price.

RHP has been the topic of several other research reports. Barclays boosted their price target on Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Nine 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.89.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded up $2.05 during trading on Tuesday, hitting $114.01. The company’s stock had a trading volume of 83,070 shares, compared to its average volume of 550,963. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $114.15. The firm has a market cap of $7.20 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.22. The firm has a 50 day moving average price of $100.43 and a 200 day moving average price of $97.66. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake 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 valued at $816,035,000 after acquiring an additional 166,293 shares during the period. State Street Corp grew its stake in Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the period. Geode Capital Management LLC grew its stake in Ryman Hospitality Properties by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after acquiring an additional 11,591 shares during the period. Cooke & Bieler LP grew its stake in Ryman Hospitality Properties by 12.8% in the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after acquiring an additional 142,206 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Ryman Hospitality Properties by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock valued at $109,381,000 after acquiring an additional 33,120 shares during the period. Institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

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.