Brokerages Set Ryman Hospitality Properties, Inc. (NYSE:RHP) Price Target at $127.10

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $127.10.

Several research firms recently weighed in on RHP. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. BMO Capital Markets restated an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Barclays raised their target price on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price target on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald boosted their price target on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th.

Ryman Hospitality Properties Trading Down 0.5%

Shares of RHP stock opened at $127.53 on Thursday. Ryman Hospitality Properties has a 12-month low of $83.82 and a 12-month high of $137.46. The firm has a 50 day moving average price of $125.70 and a two-hundred day moving average price of $108.83. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a market capitalization of $8.05 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RHP. Harrell Investment Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 7.6% in the second quarter. Harrell Investment Partners LLC now owns 5,414 shares of the real estate investment trust’s stock worth $696,000 after acquiring an additional 381 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $203,000. Reinhart Partners LLC. grew its holdings in shares of Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock valued at $91,386,000 after purchasing an additional 11,766 shares during the last quarter. GAMMA Investing LLC increased its position in Ryman Hospitality Properties by 22.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,478 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 462 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter worth approximately $185,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.