Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $126.00 at Wells Fargo & Company

Ryman Hospitality Properties (NYSE:RHP) had its price target raised by research analysts at Wells Fargo & Company from $114.00 to $126.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.96% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Barclays restated an “overweight” rating and set a $120.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.33.

Ryman Hospitality Properties Trading Up 0.4%

NYSE RHP traded up $0.51 during mid-day trading on Monday, reaching $115.64. 30,558 shares of the stock were exchanged, compared to its average volume of 543,688. Ryman Hospitality Properties has a 1-year low of $83.82 and a 1-year high of $117.18. The business’s fifty day simple moving average is $102.34 and its 200 day simple moving average is $98.28. The stock has a market capitalization of $7.30 billion, a PE ratio of 30.44, a PEG ratio of 2.67 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC boosted its holdings in Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 269 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Ryman Hospitality Properties by 283.1% during the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the last quarter. Institutional investors 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.