Wells Fargo & Company Issues Pessimistic Forecast for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Key Points

• Wells Fargo cut its price target for Ryman Hospitality Properties from $109 to $105 but maintained an "overweight" rating, with the new target implying about a 15.16% upside from the prior close.
• Overall analyst sentiment is positive: the consensus rating is "Moderate Buy" with an average price target of $110.45, based on 10 Buy and 2 Hold ratings and a range of firm targets between roughly $105 and $131.
• Ryman shares traded down about 0.8% to $91.18 on light volume, the company has a market cap of $5.74 billion, and roughly 94.48% of the stock is held by hedge funds and other institutional investors.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) had its price objective dropped by research analysts at Wells Fargo & Company from $109.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price suggests a potential upside of 15.16% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. JPMorgan Chase & Co. lowered their price objective on Ryman Hospitality Properties from $113.00 to $111.00 and set an "overweight" rating for the company in a research report on Tuesday, February 3rd. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Finally, Evercore reissued an "outperform" rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus price target of $110.45.

Ryman Hospitality Properties Stock Down 0.8%

Shares of Ryman Hospitality Properties stock traded down $0.71 on Tuesday, reaching $91.18. The stock had a trading volume of 12,147 shares, compared to its average volume of 504,710. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. The stock has a market capitalization of $5.74 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.74 and a beta of 1.18. The company has a 50 day moving average price of $96.78 and a 200 day moving average price of $94.63. Ryman Hospitality Properties has a 1 year low of $76.27 and a 1 year high of $105.75.

Institutional Investors Weigh In On Ryman Hospitality Properties

Large investors have recently made changes to their positions in the stock. Purpose Unlimited Inc. purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at approximately $93,000. Hsbc Holdings PLC raised its position in Ryman Hospitality Properties by 18.8% in the fourth quarter. Hsbc Holdings PLC now owns 105,333 shares of the real estate investment trust's stock valued at $9,967,000 after purchasing an additional 16,682 shares during the period. Rockefeller Capital Management L.P. raised its position in Ryman Hospitality Properties by 419.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,730 shares of the real estate investment trust's stock valued at $448,000 after purchasing an additional 3,820 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Ryman Hospitality Properties by 6.8% in the 4th quarter. Corient Private Wealth LLC now owns 10,488 shares of the real estate investment trust's stock valued at $1,003,000 after purchasing an additional 664 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $357,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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