Ryman Hospitality Properties (NYSE:RHP) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has upgraded Ryman Hospitality Properties (NYSE:RHP) to a strong-buy rating, indicating increased analyst confidence in the company's potential.
• Ryman Hospitality reported a quarterly earnings of $2.35 per share, surpassing analysts' estimates, while also demonstrating a 7.5% year-over-year revenue increase.
• The company has drawn significant interest from institutional investors, with 94.48% of the stock owned by various funds, showcasing robust institutional support.

Stock analysts at Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties (NYSE:RHP - Get Free Report) in a report released on Wednesday, Marketbeat reports. The firm set an "overweight" rating and a $108.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price objective would indicate a potential upside of 20.54% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. Wells Fargo & Company raised 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. Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $114.67.

Ryman Hospitality Properties Trading Up 0.0%

Ryman Hospitality Properties stock opened at $89.60 on Wednesday. The stock has a 50-day simple moving average of $96.37 and a 200 day simple moving average of $95.40. The stock has a market capitalization of $5.64 billion, a P/E ratio of 21.38, a PEG ratio of 1.61 and a beta of 1.57. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same period last year, the firm posted $2.78 earnings per share. The business's revenue 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. Analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of large investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Ryman Hospitality Properties during the first quarter worth about $67,901,000. Vanguard Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock worth $813,748,000 after acquiring an additional 603,936 shares during the period. Norges Bank acquired a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $56,123,000. GRS Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $39,171,000. Finally, Hamlin Capital Management LLC increased its stake in Ryman Hospitality Properties by 42.2% in the first quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust's stock valued at $81,195,000 after acquiring an additional 263,630 shares during the last quarter. Institutional investors and hedge funds 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.