Ryman Hospitality Properties (NYSE:RHP) Earns Underweight Rating from JPMorgan Chase & Co.

Ryman Hospitality Properties (NYSE:RHP)‘s stock had its “underweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a $100.00 target price on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 11.69% from the company’s previous close.

Several other research firms also recently commented on RHP. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Truist Financial increased their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.57.

Ryman Hospitality Properties Stock Down 2.1 %

Shares of RHP opened at $113.24 on Friday. The firm has a market capitalization of $6.78 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.95 and a beta of 1.65. Ryman Hospitality Properties has a 12-month low of $93.76 and a 12-month high of $122.91. The firm has a fifty day moving average price of $112.64 and a 200-day moving average price of $105.69. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. Ryman Hospitality Properties’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. Equities research analysts expect that Ryman Hospitality Properties will post 8.44 earnings per share for the current year.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ryman Hospitality Properties by 133.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 2,684 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Ryman Hospitality Properties by 18.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,274 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 352 shares during the period. Raymond James & Associates grew its stake in Ryman Hospitality Properties by 30.1% during the 2nd quarter. Raymond James & Associates now owns 19,116 shares of the real estate investment trust’s stock valued at $1,909,000 after purchasing an additional 4,425 shares during the last quarter. Summit Global Investments acquired a new position in shares of Ryman Hospitality Properties in the second quarter valued at about $601,000. Finally, Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.