Ryman Hospitality Properties (NYSE:RHP) Price Target Cut to $136.00

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price objective dropped by stock analysts at Deutsche Bank Aktiengesellschaft from $141.00 to $136.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 29.02% from the stock's current price.

A number of other brokerages have also issued reports on RHP. Raymond James upped their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. StockNews.com cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Monday. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Finally, Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded up $1.28 during trading hours on Thursday, hitting $105.41. 617,857 shares of the stock were exchanged, compared to its average volume of 445,593. The firm has a market capitalization of $6.31 billion, a P/E ratio of 21.42, a P/E/G ratio of 0.78 and a beta of 1.59. Ryman Hospitality Properties has a one year low of $79.86 and a one year high of $122.91. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. The company's 50 day moving average is $112.48 and its 200 day moving average is $108.06.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed acquired 13,800 shares of the company's stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Patrick S. Chaffin sold 16,189 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Colin V. Reed acquired 13,800 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently made changes to their positions in RHP. GAMMA Investing LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $27,000. Parallel Advisors LLC increased its position in Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 262 shares in the last quarter. Larson Financial Group LLC bought a new position in Ryman Hospitality Properties in the 1st quarter valued at approximately $35,000. Signaturefd LLC grew its stake in shares of Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust's stock worth $36,000 after buying an additional 275 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust's stock worth $101,000 after buying an additional 163 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

About Ryman Hospitality Properties

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.