Ryman Hospitality Properties (NYSE:RHP) Given New $123.00 Price Target at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its price target upped by Truist Financial from $119.00 to $123.00 in a report issued on Friday, FlyOnTheWall reports. Truist Financial’s price target suggests a potential upside of 44.94% from the stock’s previous close.

A number of other research firms also recently weighed in on RHP. Deutsche Bank Aktiengesellschaft upped their target price on Ryman Hospitality Properties from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. StockNews.com started coverage on Ryman Hospitality Properties in a report on Thursday, August 17th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. dropped their price target on Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating on the stock in a report on Monday, August 7th. Finally, Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $96.00 to $107.00 in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.40.

Ryman Hospitality Properties Stock Performance

RHP opened at $84.86 on Friday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The company has a debt-to-equity ratio of 6.78, a current ratio of 2.12 and a quick ratio of 2.12. Ryman Hospitality Properties has a 1-year low of $71.63 and a 1-year high of $98.60. The business has a 50 day moving average price of $89.06 and a two-hundred day moving average price of $90.51.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director William E. Haslam acquired 11,507 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $86.90 per share, with a total value of $999,958.30. Following the completion of the transaction, the director now owns 11,507 shares of the company’s stock, valued at $999,958.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds have recently modified their holdings of RHP. BlackRock Inc. grew its stake in shares of Ryman Hospitality Properties by 5.8% during the second quarter. BlackRock Inc. now owns 6,252,807 shares of the real estate investment trust’s stock valued at $581,011,000 after purchasing an additional 344,475 shares during the last quarter. State Street Corp grew its stake in shares of Ryman Hospitality Properties by 4.6% during the second quarter. State Street Corp now owns 2,765,963 shares of the real estate investment trust’s stock valued at $259,714,000 after purchasing an additional 121,348 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Ryman Hospitality Properties by 16.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock valued at $192,155,000 after purchasing an additional 287,880 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ryman Hospitality Properties by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 1,620,046 shares of the real estate investment trust’s stock valued at $150,535,000 after purchasing an additional 41,401 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Ryman Hospitality Properties by 6.7% in the second quarter. Geode Capital Management LLC now owns 1,228,202 shares of the real estate investment trust’s stock valued at $114,125,000 after acquiring an additional 77,304 shares during the last quarter. Institutional investors and hedge funds own 91.23% 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 ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.