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Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $108.00 at Wells Fargo & Company

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Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price target lifted by equities researchers at Wells Fargo & Company from $101.00 to $108.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target suggests a potential upside of 8.09% from the company's previous close.

Several other analysts also recently weighed in on the company. Truist Financial dropped their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group dropped their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target on the stock. Finally, Evercore ISI dropped their price target on 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.43.

Check Out Our Latest Stock Analysis on Ryman Hospitality Properties

Ryman Hospitality Properties Stock Down 1.1%

NYSE RHP traded down $1.10 on Tuesday, reaching $99.92. 697,737 shares of the stock traded hands, compared to its average volume of 672,329. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. The company has a fifty day moving average price of $99.15 and a 200-day moving average price of $97.28. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.74 and a beta of 1.57. Ryman Hospitality Properties has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its 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 51.95% and a net margin of 12.16%. Ryman Hospitality Properties's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. As a group, research analysts forecast that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Colin V. Reed bought 8,356 shares of Ryman Hospitality Properties stock in a transaction on Monday, June 9th. The stock was acquired at an average price of $96.92 per share, with a total value of $809,863.52. Following the completion of the acquisition, the chairman directly owned 870,406 shares of the company's stock, valued at $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the transaction, the director directly owned 2,576 shares of the company's stock, valued at $255,049.76. The trade was a 33.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its holdings 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 valued at $27,000 after buying an additional 209 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Fifth Third Bancorp grew its holdings 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 valued at $53,000 after buying an additional 367 shares in the last quarter. First Community Trust NA grew its holdings in Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 100 shares in the last quarter. Finally, CWM LLC grew its holdings in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after buying an additional 493 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

About Ryman Hospitality Properties

(Get Free Report)

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.

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