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

Ryman Hospitality Properties (NYSE:RHP - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Wells Fargo & Company in a research report issued on Thursday, Marketbeat reports. They presently have a $101.00 price target on the real estate investment trust's stock, up from their previous price target of $99.00. Wells Fargo & Company's price target indicates a potential upside of 3.90% from the stock's previous close.

RHP has been the topic of several other reports. Jefferies Financial Group dropped their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Evercore ISI cut their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Truist Financial decreased their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average price target of $113.00.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $2.84 during mid-day trading on Thursday, reaching $97.21. The company had a trading volume of 262,409 shares, compared to its average volume of 894,259. The company has a 50-day moving average price of $90.84 and a two-hundred day moving average price of $100.62. The stock has a market cap of $5.83 billion, a PE ratio of 22.14, a P/E/G ratio of 2.71 and a beta of 1.55. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during 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%. Ryman Hospitality Properties's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $1.60 EPS. On average, equities analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insider Activity at Ryman Hospitality Properties

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

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. Intech Investment Management LLC boosted its position in Ryman Hospitality Properties by 24.6% during the first quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust's stock worth $3,169,000 after purchasing an additional 6,842 shares during the period. Jane Street Group LLC boosted its position in Ryman Hospitality Properties by 306.5% during the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust's stock worth $3,307,000 after purchasing an additional 27,267 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Ryman Hospitality Properties by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 579,834 shares of the real estate investment trust's stock valued at $53,020,000 after purchasing an additional 6,209 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of Ryman Hospitality Properties in the first quarter valued at approximately $373,000. 94.48% of the stock is currently owned by institutional investors.

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.