Morgan Stanley Upgrades Ryman Hospitality Properties (NYSE:RHP) to Overweight

Key Points

• Morgan Stanley upgraded Ryman Hospitality Properties to an Overweight rating and raised its price target to $105 (from $88), implying roughly a 6.7% upside from the current share price.
• Analyst sentiment is broadly positive—ten Buy ratings and one Hold—with an average price target of $114.10, indicating potential upside beyond Morgan Stanley’s target.
• RHP trades around $98.45 with a market cap of $6.21 billion, a P/E of 26.18, and about 94.5% institutional ownership, highlighting strong institutional interest.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Friday,Benzinga reports. The brokerage currently has a $105.00 target price on the real estate investment trust's stock, up from their prior target price of $88.00. Morgan Stanley's price objective would indicate a potential upside of 6.66% from the stock's current price.

A number of other equities analysts have also commented on RHP. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $109.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, March 24th. JPMorgan Chase & Co. cut their price target on Ryman Hospitality Properties from $113.00 to $111.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Barclays lifted their price objective on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Cantor Fitzgerald upped their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, March 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.10.

Ryman Hospitality Properties Price Performance

RHP stock opened at $98.45 on Friday. The firm has a market cap of $6.21 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 1.86 and a beta of 1.19. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. Ryman Hospitality Properties has a 1 year low of $81.05 and a 1 year high of $105.75. The stock has a 50-day simple moving average of $96.36 and a 200-day simple moving average of $94.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its stake in Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 113 shares during the last quarter. Norinchukin Bank The lifted its position in Ryman Hospitality Properties by 4.2% in the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust's stock valued at $267,000 after purchasing an additional 119 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ryman Hospitality Properties by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 130 shares during the period. Lido Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 3.1% in the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust's stock valued at $397,000 after purchasing an additional 132 shares during the period. Finally, Dakota Wealth Management raised its holdings in shares of Ryman Hospitality Properties by 1.5% during the third quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust's stock valued at $808,000 after buying an additional 135 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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