Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Analysts maintain a bullish outlook: all 12 brokerages covering Ryman Hospitality Properties rate the stock “Buy,” with an average 12-month price target of approximately $129.73.
• Several firms recently raised their price targets, including Cantor Fitzgerald to $135, Barclays to $130, and Jefferies to $145; BMO Capital Markets also reaffirmed its “Outperform” rating with a $137 target.
• Ryman exceeded quarterly expectations, reporting $1.42 in earnings per share versus the $1.31 consensus and $748.98 million in revenue, up 13.6% year over year. Institutional investors own 94.48% of the company’s shares.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has received an average rating of "Buy" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $129.7273.

RHP has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Barclays boosted their price objective on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Morgan Stanley raised their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in shares of Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 113 shares during the last quarter. Global Retirement Partners LLC increased its stake in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after buying an additional 209 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $28,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $128.62 on Monday. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.27 and a beta of 1.20. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week 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 company's 50 day moving average is $127.39 and its 200 day moving average is $111.36.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share 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 during the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the business earned $2.35 earnings per share. Ryman Hospitality Properties's revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts anticipate that Ryman Hospitality Properties will post 9.18 EPS for the current fiscal year.

About Ryman Hospitality Properties

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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