Barclays Issues Positive Forecast for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP) had its price objective boosted by stock analysts at Barclays from $109.00 to $110.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 18.27% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $131.00 price objective on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.27.

Ryman Hospitality Properties Trading Down 0.9%

RHP stock traded down $0.88 during midday trading on Tuesday, hitting $93.01. The stock had a trading volume of 79,814 shares, compared to its average volume of 495,695. The firm has a market cap of $5.86 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $105.75. The business has a fifty day moving average price of $96.22 and a two-hundred day moving average price of $94.12.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Dallas Securities Inc. increased its position in shares of Ryman Hospitality Properties by 103.9% during the third quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock worth $2,334,000 after acquiring an additional 13,275 shares in the last quarter. Centersquare Investment Management LLC grew its position in Ryman Hospitality Properties by 37.3% in the 3rd quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock worth $4,712,000 after purchasing an additional 14,296 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Ryman Hospitality Properties in the 3rd quarter worth about $776,000. Bessemer Group Inc. grew its position in Ryman Hospitality Properties by 21.4% in the 3rd quarter. Bessemer Group Inc. now owns 318,888 shares of the real estate investment trust’s stock worth $28,570,000 after purchasing an additional 56,189 shares in the last quarter. Finally, Strs Ohio grew its position in Ryman Hospitality Properties by 23.3% in the 3rd quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock worth $10,242,000 after purchasing an additional 21,600 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

About Ryman Hospitality Properties

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.