JPMorgan Chase & Co. Reiterates “Underweight” Rating for Ryman Hospitality Properties (NYSE:RHP)

Ryman Hospitality Properties (NYSE:RHP)‘s stock had its “underweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research note issued on Friday, Marketbeat.com reports. They currently have a $100.00 price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 11.69% from the company’s current price.

RHP has been the subject of several other research reports. BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.57.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $113.24 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market capitalization of $6.78 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. The firm’s 50 day moving average price is $112.64 and its 200-day moving average price is $105.69. Ryman Hospitality Properties has a twelve month low of $93.76 and a twelve month high of $122.91.

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

Insider Activity at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred 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 in the company, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 103 shares during the last quarter. Avior Wealth Management LLC grew its position in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Ryman Hospitality Properties by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after acquiring an additional 138 shares during the last quarter. Tidal Investments LLC raised its position in Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after purchasing an additional 152 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Ryman Hospitality Properties by 4.6% in the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 162 shares during the last quarter. 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.