Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $115.50 Average Price Target from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have been assigned an average recommendation of "Buy" from the eight research firms that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $115.50.

A number of research firms recently weighed in on RHP. Bank of America increased their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th.

Ryman Hospitality Properties Trading Down 1.0%

Ryman Hospitality Properties stock traded down $1.01 during midday trading on Monday, reaching $99.73. The stock had a trading volume of 193,231 shares, compared to its average volume of 782,602. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $121.77. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. The company has a fifty day moving average of $98.33 and a 200 day moving average of $95.63.

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 for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same period in the prior year, the company posted $2.78 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Ryman Hospitality Properties during the first quarter worth $67,901,000. Vanguard Group Inc. grew its position in Ryman Hospitality Properties by 7.3% during the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock valued at $813,748,000 after buying an additional 603,936 shares during the period. Norges Bank acquired a new stake in Ryman Hospitality Properties during the second quarter valued at $56,123,000. Janus Henderson Group PLC grew its position in Ryman Hospitality Properties by 946.6% during the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after buying an additional 454,922 shares during the period. Finally, GRS Advisors LLC acquired a new stake in Ryman Hospitality Properties during the second quarter valued at $39,171,000. Hedge funds and other 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.