Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $114.75

Key Points

• Ryman Hospitality Properties, Inc. (NYSE:RHP) has received a consensus recommendation of "Buy" from eight analysts, with an average 1-year target price of $114.75.
• The company reported a Q2 earnings per share (EPS) of $2.35, exceeding analysts' expectations of $2.31, with revenue of $659.52 million.
• Insider trading activity includes Chairman Colin V. Reed purchasing 8,356 shares at approximately $96.92 per share, increasing his ownership stake in the company.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been given a consensus recommendation of "Buy" by the eight ratings firms that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $114.75.

Several brokerages have issued reports on RHP. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Truist Financial reduced their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective on the stock. Finally, Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,356 shares of the firm's stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Eric Bolton, Jr. acquired 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RHP. Geneos Wealth Management Inc. raised its position in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares during the period. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter worth about $31,000. AlphaQuest LLC raised its position in Ryman Hospitality Properties by 492.9% in the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 276 shares during the period. Smartleaf Asset Management LLC raised its position in Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 282 shares during the period. Finally, Fifth Third Bancorp raised its position in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares during the period. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $0.92 during trading hours on Thursday, reaching $94.42. The company had a trading volume of 583,877 shares, compared to its average volume of 661,979. Ryman Hospitality Properties has a one year low of $76.27 and a one year high of $121.77. The business has a fifty day simple moving average of $98.69 and a 200 day simple moving average of $96.19. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $5.95 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $2.78 earnings per share. On average, analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

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.