Wells Fargo & Company Increases Ryman Hospitality Properties (NYSE:RHP) Price Target to $114.00

Key Points

• Wells Fargo & Company raised their price target for Ryman Hospitality Properties from $108.00 to $114.00, indicating a potential upside of 17.24% from the previous close.
• The stock currently holds a consensus "Buy" rating among analysts, with a consensus price target of $115.50 and several firms issuing various price targets ranging from $110.00 to $117.00.
• Ryman Hospitality Properties reported $2.35 EPS for their latest quarter, surpassing estimates, with revenue increasing by 7.5% compared to the same quarter last year.

Ryman Hospitality Properties (NYSE:RHP - Free Report) had its price target upped by Wells Fargo & Company from $108.00 to $114.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust's stock.

Several other brokerages also recently commented on RHP. Bank of America raised their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. Finally, Truist Financial lowered 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. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $115.50.

Ryman Hospitality Properties Price Performance

NYSE RHP traded down $0.20 during trading hours on Wednesday, hitting $98.73. The company had a trading volume of 331,048 shares, compared to its average volume of 659,454. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77. The firm has a 50 day simple moving average of $98.49 and a 200 day simple moving average of $95.66. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.78 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter last year, the company earned $2.78 EPS. The firm's 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. Equities research analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,356 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the acquisition, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake 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 position in Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. AlphaQuest LLC increased its stake 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 increased its stake 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 increased its stake 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. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.