Ryman Hospitality Properties (NYSE:RHP) Stock Moved Down to "Inline" by Evercore

Key Points

• Evercore downgraded Ryman Hospitality Properties from “outperform” to “inline,” while maintaining a $140 price target—about 6.34% above the stock’s reported price.
• Despite the downgrade, analyst sentiment remains positive: RHP has an overall “Buy” consensus rating and a $135.25 average price target, supported by buy or overweight ratings from several firms.
• Ryman reported quarterly EPS of $1.42, exceeding the $1.31 consensus estimate, while revenue reached $748.98 million, up 13.6% year over year; institutional investors own 94.48% of the stock.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) was downgraded by investment analysts at Evercore from an "outperform" rating to an "inline" rating in a note issued to investors on Monday, Briefing.com reports. They presently have a $140.00 price objective on the real estate investment trust's stock. Evercore's price objective would suggest a potential upside of 6.34% from the stock's current price.

A number of other research firms have also recently weighed in on RHP. Jefferies Financial Group restated a "buy" rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $129.00 to $138.00 and gave the stock an "overweight" rating in a research 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 report on Wednesday, September 9th. Raymond James Financial raised their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Monday, September 28th. Finally, Barclays reduced their price target on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $135.25.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $1.28 during trading hours on Monday, reaching $131.66. 16,724 shares of the company's stock traded hands, compared to its average volume of 601,940. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The stock has a market cap of $8.31 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The firm's 50 day simple moving average is $124.17 and its 200-day simple moving average is $120.04.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. The company had revenue of $748.98 million during the quarter, compared to analysts' expectations of $734.59 million. During the same period in the prior year, the business posted $2.35 EPS. Ryman Hospitality Properties's quarterly revenue was up 13.6% compared to the same quarter last year. Equities analysts expect that Ryman Hospitality Properties will post 9.12 EPS for the current year.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 236 shares during the period. Global Retirement Partners LLC bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $43,000. Signaturefd LLC boosted its stake in Ryman Hospitality Properties by 61.2% in the 3rd quarter. Signaturefd LLC now owns 361 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 137 shares during the period. Trust Co. of Vermont acquired a new stake in Ryman Hospitality Properties during the second quarter worth about $51,000. Finally, Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 34.2% in the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 219 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman's portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.