Ryman Hospitality Properties (NYSE:RHP) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Ryman Hospitality Properties from “hold” to “strong buy.” Other analysts remain broadly positive, giving the stock a consensus “buy” rating and an average price target of $132.42.
• Ryman reported quarterly EPS of $1.42, beating estimates of $1.31, while revenue reached $748.98 million, up 13.6% year over year and above consensus expectations.
• Shares opened at $124.76, with the company valued at approximately $7.87 billion. Institutional investors and hedge funds own 94.48% of the stock.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other brokerages also recently weighed in on RHP. Weiss Ratings raised Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Barclays dropped their price target on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Tuesday. Citigroup boosted their price target on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Jefferies Financial Group restated a "buy" rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Finally, Raymond James Financial increased their price objective on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $132.42.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $124.76 on Monday. The firm has a market cap of $7.87 billion, a PE ratio of 30.50, a P/E/G ratio of 1.87 and a beta of 1.22. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $137.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The business has a 50-day moving average price of $123.48 and a 200 day moving average price of $118.04.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $734.59 million. During the same quarter in the prior year, the business posted $2.35 earnings per share. Ryman Hospitality Properties's revenue for the quarter was up 13.6% on a year-over-year basis. Sell-side analysts predict that Ryman Hospitality Properties will post 9.23 earnings per share for the current fiscal year.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently made changes to their positions in RHP. Arizona State Retirement System grew its stake in shares of Ryman Hospitality Properties by 0.6% during the second quarter. Arizona State Retirement System now owns 16,543 shares of the real estate investment trust's stock valued at $2,127,000 after acquiring an additional 103 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Ryman Hospitality Properties by 2.0% in the first quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust's stock worth $513,000 after acquiring an additional 111 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Ryman Hospitality Properties by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust's stock worth $2,980,000 after acquiring an additional 124 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 146 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Ryman Hospitality Properties by 34.2% in the first 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 owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company's portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman's flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.

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