Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $129.73 Average PT from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have received an average rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $129.7273.

A number of equities analysts recently commented on RHP shares. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Jefferies Financial Group reissued a “buy” rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. BMO Capital Markets reissued an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Barclays raised their price target on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their price target 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.

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Ryman Hospitality Properties by 44.1% during the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 12,169 shares during the period. AQR Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after purchasing an additional 63,507 shares during the period. Jane Street Group LLC lifted its stake in shares of Ryman Hospitality Properties by 306.5% in the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after purchasing an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 2.2%

Shares of RHP opened at $130.00 on Monday. The company has a market capitalization of $8.21 billion, a PE ratio of 31.78, a PEG ratio of 2.37 and a beta of 1.20. Ryman Hospitality Properties has a 12 month low of $83.82 and a 12 month high of $137.46. The stock’s 50-day moving average price is $127.90 and its two-hundred day moving average price is $112.11. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 EPS. On average, analysts anticipate that Ryman Hospitality Properties will post 9.13 EPS for the current year.

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.