Ryman Hospitality Properties (NYSE:RHP) Stock Rating Upgraded by Wall Street Zen

Key Points

• Ryman Hospitality Properties has had its stock rating upgraded from "sell" to "hold" by Wall Street Zen, with a consensus rating of "buy" by analysts.
• Wells Fargo raised the price target for RHP from $108 to $114, while Bank of America increased their target from $105 to $110, indicating positive sentiment among analysts.
• The company reported $2.35 earnings per share for the last quarter, surpassing analyst expectations and marking a 7.5% increase in revenue compared to the previous year.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Several other equities analysts have also recently weighed in on RHP. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Bank of America lifted their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. Finally, Truist Financial reduced their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Buy" and an average price target of $115.50.

Ryman Hospitality Properties Stock Up 0.7%

Shares of NYSE RHP traded up $0.69 during mid-day trading on Friday, hitting $92.72. The company had a trading volume of 468,004 shares, compared to its average volume of 605,953. The company has a market capitalization of $5.84 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The firm has a 50-day simple moving average of $96.92 and a two-hundred day simple moving average of $95.50. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.Ryman Hospitality Properties's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Insider Transactions at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business's stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $190,660. The trade was 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 owned by company insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its position in Ryman Hospitality Properties by 172.4% during the second quarter. Corient Private Wealth LLC now owns 9,493 shares of the real estate investment trust's stock worth $944,000 after acquiring an additional 6,008 shares during the last quarter. Osaic Holdings Inc. lifted its position in Ryman Hospitality Properties by 5.4% during the second quarter. Osaic Holdings Inc. now owns 3,098 shares of the real estate investment trust's stock worth $306,000 after acquiring an additional 160 shares during the last quarter. Cim Investment Management Inc. acquired a new stake in Ryman Hospitality Properties during the second quarter worth approximately $213,000. Hudson Bay Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties in the second quarter valued at approximately $1,758,000. Finally, Public Sector Pension Investment Board raised its position in shares of Ryman Hospitality Properties by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 204,512 shares of the real estate investment trust's stock valued at $20,179,000 after buying an additional 14,521 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.