Ryman Hospitality Properties (NYSE:RHP) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a research report sent to investors on Friday.

Several other equities research analysts have also recently weighed in on RHP. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a neutral rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Finally, Truist Financial dropped their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a buy rating for the company in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $118.71.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $100.13 on Friday. The stock has a market capitalization of $6.00 billion, a P/E ratio of 20.73, a PEG ratio of 2.08 and a beta of 1.64. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91. The firm’s 50 day moving average is $100.30 and its 200 day moving average is $107.75. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33.

Insiders Place Their Bets

In related news, Director Christine Pantoya sold 1,491 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now directly owns 4,973 shares of the company’s stock, valued at $526,839.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ryman Hospitality Properties news, Director Christine Pantoya sold 1,491 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now owns 4,973 shares in the company, valued at $526,839.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William E. Haslam purchased 9,972 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the transaction, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently bought and sold shares of RHP. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties in the 2nd quarter worth about $32,000. Edgestream Partners L.P. lifted its position in shares of Ryman Hospitality Properties by 111.7% in the second quarter. Edgestream Partners L.P. now owns 100,696 shares of the real estate investment trust’s stock worth $10,056,000 after buying an additional 53,125 shares in the last quarter. Renaissance Technologies LLC raised its position in Ryman Hospitality Properties by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 108,041 shares of the real estate investment trust’s stock worth $10,789,000 after purchasing an additional 17,500 shares during the period. Quantbot Technologies LP raised its holdings in shares of Ryman Hospitality Properties by 58.6% in the second quarter. Quantbot Technologies LP now owns 43,478 shares of the real estate investment trust’s stock worth $4,342,000 after buying an additional 16,068 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ryman Hospitality Properties by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock worth $81,947,000 after acquiring an additional 8,469 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

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.