StockNews.com Lowers Ryman Hospitality Properties (NYSE:RHP) to Sell

Ryman Hospitality Properties (NYSE:RHP) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

A number of other research analysts have also issued reports on RHP. Raymond James boosted their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial boosted their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $106.45 on Monday. The company has a market cap of $6.38 billion, a P/E ratio of 22.04, a PEG ratio of 0.78 and a beta of 1.59. The stock has a fifty day moving average price of $112.80 and a 200 day moving average price of $108.09. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91.

Insider Activity

In other news, Chairman Colin V. Reed acquired 13,800 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Colin V. Reed bought 13,800 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the transaction, the chairman now directly owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in shares of Ryman Hospitality Properties by 106.7% during the first quarter. SG Americas Securities LLC now owns 3,609 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 1,863 shares during the period. Quantbot Technologies LP raised its position in shares of Ryman Hospitality Properties by 71.0% during the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock worth $3,169,000 after purchasing an additional 11,384 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Ryman Hospitality Properties during the first quarter worth $35,000. Central Pacific Bank Trust Division acquired a new stake in shares of Ryman Hospitality Properties during the first quarter worth $1,287,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Ryman Hospitality Properties by 15.5% during the first quarter. Daiwa Securities Group Inc. now owns 21,174 shares of the real estate investment trust’s stock worth $2,448,000 after purchasing an additional 2,841 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

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.