Ryman Hospitality Properties (NYSE:RHP) Downgraded by Wall Street Zen to "Sell"

Key Points

• Ryman Hospitality Properties has been downgraded from a "hold" to a "sell" rating by Wall Street Zen amid mixed analyst perspectives on the stock.
• Despite the downgrade, Bank of America recently raised its target price for Ryman shares from $105 to $110, while the consensus target price stands at $112.40.
• In the most recent quarter, Ryman reported earnings of $2.35 per share, exceeding estimates and showing a revenue increase of 7.5% from the previous year.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a "strong-buy" rating in a research note on Friday, October 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Ryman Hospitality Properties in a report on Wednesday, October 8th. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 1st. They set an "overweight" rating and a $108.00 target price on the stock. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a report on Wednesday. They set an "equal weight" rating and a $92.00 target price on the stock. Finally, Bank of America raised their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.40.

Ryman Hospitality Properties Stock Down 0.2%

Ryman Hospitality Properties stock opened at $87.16 on Friday. The company's 50 day simple moving average is $94.15 and its 200 day simple moving average is $95.08. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.61 and a beta of 1.57. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same quarter last year, the firm earned $2.78 EPS. Ryman Hospitality Properties's quarterly revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company's stock, valued at approximately $190,660. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors have recently added to or reduced their stakes in RHP. Wealth Enhancement Advisory Services LLC increased its holdings in Ryman Hospitality Properties by 7.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock worth $545,000 after buying an additional 405 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Ryman Hospitality Properties by 13.7% during the first quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust's stock worth $444,000 after buying an additional 585 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after buying an additional 130 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Ryman Hospitality Properties by 53.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock worth $692,000 after buying an additional 2,615 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Ryman Hospitality Properties by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,412 shares of the real estate investment trust's stock worth $8,633,000 after buying an additional 10,917 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.

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