Ryman Hospitality Properties - RHP Stock Forecast, Price & News

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center resorts operate under the Gaylord Hotels brand and are managed by Marriott International. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company's Entertainment segment includes a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle media network the Company owns in a joint-venture with Gray Television. The Company operates its Entertainment segment as part of a taxable REIT subsidiary. * The Company is the sole owner of Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; and Gaylord National Resort & Convention Center. It is the majority owner and managing member of the joint venture that owns the Gaylord Rockies Resort & Convention Center.

Ryman Hospitality Properties Price Performance

RHP Stock traded up $1.87 on Wednesday, hitting $89.67. 135,073 shares of the company's stock traded hands, compared to its average volume of 398,540. Ryman Hospitality Properties has a 1-year low of $70.46 and a 1-year high of $101.19. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 462.11 and a beta of 1.58. The stock has a fifty day moving average of $82.38 and a 200-day moving average of $87.26. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 459.48.

Ryman Hospitality Properties (NYSE:RHP - Get Rating) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $470.20 million during the quarter, compared to analyst estimates of $427.99 million. Ryman Hospitality Properties had a net margin of 0.77% and a negative return on equity of 55.38%. The business's quarterly revenue was up 175.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, analysts forecast that Ryman Hospitality Properties will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James upped their price target on shares of Ryman Hospitality Properties from $98.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, April 14th. TheStreet raised shares of Ryman Hospitality Properties from a "d+" rating to a "c" rating in a research note on Tuesday, August 2nd. Truist Financial reduced their price target on shares of Ryman Hospitality Properties to $95.00 in a research note on Friday, July 22nd. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Ryman Hospitality Properties from $116.00 to $121.00 in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average price target of $105.00.