Ryman Hospitality Properties (NYSE:RHP) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. The brokerage currently has $96.00 target price on the real estate investment trust’s stock.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

RHP has been the subject of several other reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ryman Hospitality Properties from $88.00 to $95.00 and gave the stock a buy rating in a report on Thursday, August 5th. TheStreet raised shares of Ryman Hospitality Properties from a d rating to a c- rating in a report on Friday, September 24th. Finally, Raymond James raised shares of Ryman Hospitality Properties from a market perform rating to an outperform rating and set a $88.00 price objective for the company in a report on Monday, July 12th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of Buy and an average target price of $73.88.

Ryman Hospitality Properties stock opened at $84.49 on Wednesday. Ryman Hospitality Properties has a twelve month low of $37.71 and a twelve month high of $90.83. The firm has a 50 day moving average price of $81.68 and a 200-day moving average price of $78.92. The company has a market capitalization of $4.65 billion, a P/E ratio of -12.92 and a beta of 1.78. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 23.45.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 3rd. The real estate investment trust reported ($1.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.54). Ryman Hospitality Properties had a negative net margin of 79.64% and a negative return on equity of 240.52%. The company had revenue of $170.86 million for the quarter, compared to the consensus estimate of $150.96 million. During the same period in the prior year, the company earned ($1.65) earnings per share. The firm’s revenue was up 1063.8% on a year-over-year basis. Equities analysts expect that Ryman Hospitality Properties will post 0.82 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its holdings in Ryman Hospitality Properties by 23.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,706 shares of the real estate investment trust’s stock valued at $2,318,000 after purchasing an additional 5,222 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Ryman Hospitality Properties by 38.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 17,025 shares of the real estate investment trust’s stock valued at $1,344,000 after purchasing an additional 4,721 shares during the period. Marshall Wace LLP bought a new position in Ryman Hospitality Properties in the 2nd quarter valued at $1,569,000. Mariner LLC boosted its holdings in Ryman Hospitality Properties by 3.6% in the 2nd quarter. Mariner LLC now owns 11,432 shares of the real estate investment trust’s stock valued at $903,000 after purchasing an additional 392 shares during the period. Finally, Morgan Stanley boosted its holdings in Ryman Hospitality Properties by 110.0% in the 2nd quarter. Morgan Stanley now owns 117,141 shares of the real estate investment trust’s stock valued at $9,249,000 after purchasing an additional 61,353 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

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