Ryman Hospitality Properties, Inc. (REIT) (RHP) Receives Consensus Rating of “Hold” from Brokerages

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $58.00.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Ryman Hospitality Properties, Inc. (REIT) from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Bank of America Corp cut shares of Ryman Hospitality Properties, Inc. (REIT) from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Friday, March 3rd.

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Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Ryman Hospitality Properties, Inc. (REIT) by 6,327.3% in the first quarter. BlackRock Inc. now owns 4,321,488 shares of the real estate investment trust’s stock valued at $267,199,000 after buying an additional 4,254,252 shares in the last quarter. State Street Corp raised its stake in shares of Ryman Hospitality Properties, Inc. (REIT) by 69.2% in the first quarter. State Street Corp now owns 1,600,935 shares of the real estate investment trust’s stock valued at $98,980,000 after buying an additional 654,879 shares during the last quarter. Norges Bank bought a new stake in shares of Ryman Hospitality Properties, Inc. (REIT) during the fourth quarter valued at approximately $29,409,000. Schwab Charles Investment Management Inc. raised its stake in shares of Ryman Hospitality Properties, Inc. (REIT) by 88.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 553,278 shares of the real estate investment trust’s stock valued at $34,210,000 after buying an additional 259,160 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ryman Hospitality Properties, Inc. (REIT) by 3.1% in the first quarter. Vanguard Group Inc. now owns 8,022,291 shares of the real estate investment trust’s stock valued at $496,017,000 after buying an additional 241,997 shares during the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) opened at 63.53 on Monday. Ryman Hospitality Properties, Inc. has a 1-year low of $47.16 and a 1-year high of $67.97. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 19.67 and a beta of 0.74. The firm has a 50-day moving average of $62.63 and a 200 day moving average of $61.48.

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) last announced its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.63 EPS for the quarter, missing the consensus estimate of $1.17 by $0.54. Ryman Hospitality Properties, Inc. (REIT) had a net margin of 13.15% and a return on equity of 42.03%. The business had revenue of $276.04 million for the quarter, compared to analyst estimates of $270.82 million. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post $3.07 earnings per share for the current year.

Ryman Hospitality Properties, Inc. (REIT) Company Profile

Ryman Hospitality Properties, Inc (REIT) is a finance company in the Specialized REITs industry.

12 Month Chart for NYSE:RHP

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