Ryman Hospitality Properties (NYSE:RHP) Rating Lowered to Sell at StockNews.com

Ryman Hospitality Properties (NYSE:RHP) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other research analysts have also recently issued reports on RHP. Deutsche Bank Aktiengesellschaft decreased their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Raymond James upped their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Ryman Hospitality Properties Stock Down 1.1 %

NYSE RHP opened at $103.02 on Wednesday. The business has a fifty day moving average price of $110.09 and a two-hundred day moving average price of $109.41. The stock has a market capitalization of $6.17 billion, a PE ratio of 21.33, a PEG ratio of 2.18 and a beta of 1.59. Ryman Hospitality Properties has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99.

Insider Buying and Selling

In related news, Chairman Colin V. Reed bought 13,800 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the acquisition, the chairman now owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the transaction, the chairman now owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $27,000. Parallel Advisors LLC boosted its holdings in shares of Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $35,000. Signaturefd LLC increased its stake in shares of Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 275 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Ryman Hospitality Properties by 15.5% during the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 163 shares during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.