Ryman Hospitality Properties (NYSE:RHP) Price Target Lowered to $120.00 at Evercore ISI

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its target price cut by investment analysts at Evercore ISI from $130.00 to $120.00 in a report released on Monday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price objective suggests a potential upside of 36.58% from the stock's current price.

RHP has been the topic of several other research reports. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Jefferies Financial Group cut their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $119.71.

Ryman Hospitality Properties Trading Up 0.6 %

Shares of RHP stock traded up $0.49 on Monday, reaching $87.86. 712,674 shares of the stock were exchanged, compared to its average volume of 614,810. The stock has a 50 day moving average price of $91.14 and a 200 day moving average price of $102.39. The stock has a market cap of $5.27 billion, a PE ratio of 20.01, a P/E/G ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties has a one year low of $76.27 and a one year high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities research analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently bought and sold shares of RHP. Bank of Montreal Can boosted its holdings in Ryman Hospitality Properties by 119.4% during the fourth quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock worth $5,305,000 after purchasing an additional 27,672 shares during the last quarter. Victory Capital Management Inc. lifted its position in Ryman Hospitality Properties by 87.3% during the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after buying an additional 255,229 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $336,000. Paradigm Asset Management Co. LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $741,000. Finally, ClearAlpha Technologies LP acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $398,000. Institutional investors and hedge funds own 94.48% of the company's stock.

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.