Ryman Hospitality Properties (NYSE:RHP) Given New $152.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised its price target on Ryman Hospitality Properties to $152 from $135 and maintained an “overweight” rating, implying 12.25% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Buy” rating and an average price target of $136.67.
• In its latest quarter, Ryman reported EPS of $0.58, below the $1.62 consensus estimate, while revenue of $655.8 million topped estimates and rose 10.7% year over year.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price target raised by equities researchers at Cantor Fitzgerald from $135.00 to $152.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Cantor Fitzgerald's target price would indicate a potential upside of 12.25% from the stock's previous close.

RHP has been the subject of several other research reports. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Evercore downgraded Ryman Hospitality Properties from an "outperform" rating to an "in-line" rating and set a $140.00 target price for the company. in a research report on Monday, October 26th. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. Citigroup increased their price objective on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $145.00 target price on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $136.67.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $135.41 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.34 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $9.34 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.02 and a beta of 1.23. Ryman Hospitality Properties has a 12 month low of $89.60 and a 12 month high of $137.46. The business's 50-day moving average is $125.36 and its 200 day moving average is $114.67.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($1.04). The firm had revenue of $655.80 million for the quarter, compared to the consensus estimate of $646.13 million. Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 29.45%. Ryman Hospitality Properties's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. On average, equities research analysts forecast that Ryman Hospitality Properties will post 9.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RHP. Empowered Funds LLC purchased a new position in Ryman Hospitality Properties in the 2nd quarter valued at about $3,541,000. Wellington Management Group LLP purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $24,658,000. BlackRock Inc. purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth approximately $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $60,655,000. Finally, Reinhart Partners LLC. raised its holdings in shares of Ryman Hospitality Properties by 1.7% during the second quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust's stock valued at $91,386,000 after acquiring an additional 11,766 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment.

The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.

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