Ryman Hospitality Properties' (RHP) "Overweight" Rating Reiterated at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at Wells Fargo & Company in a research report issued on Thursday, Marketbeat.com reports. They currently have a $101.00 price target on the real estate investment trust's stock, up from their prior price target of $99.00. Wells Fargo & Company's price target points to a potential upside of 5.89% from the company's previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group lowered their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Evercore ISI reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $113.00.

Ryman Hospitality Properties Trading Up 0.7%

NYSE:RHP opened at $95.39 on Thursday. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77. The business's 50-day moving average price is $90.88 and its two-hundred day moving average price is $101.00. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.71 and a beta of 1.55.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. On average, equities analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Colin V. Reed bought 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 209 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $31,000. Fifth Third Bancorp increased its holdings in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after buying an additional 367 shares during the last quarter. CWM LLC increased its holdings in Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after buying an additional 493 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $72,000. Institutional investors own 94.48% of the company's stock.

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.