Ryman Hospitality Properties’ (RHP) Buy Rating Reiterated at Deutsche Bank AG

Ryman Hospitality Properties, Inc. (NYSE:RHP)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank AG in a research note issued to investors on Thursday. They currently have a $70.00 target price on the real estate investment trust’s stock, down from their previous target price of $71.00. Deutsche Bank AG’s target price points to a potential upside of 20.23% from the company’s current price.

A number of other research firms have also recently weighed in on RHP. BidaskClub upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, July 5th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Finally, UBS AG cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $63.00.

Shares of Ryman Hospitality Properties (RHP) opened at 58.22 on Thursday. The stock has a 50 day moving average of $62.78 and a 200 day moving average of $63.23. The stock has a market capitalization of $2.95 billion, a PE ratio of 18.42 and a beta of 1.15. Ryman Hospitality Properties has a 52-week low of $47.31 and a 52-week high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.03. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The business had revenue of $298.80 million for the quarter, compared to analysts’ expectations of $296.01 million. During the same quarter in the previous year, the business posted $1.59 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts forecast that Ryman Hospitality Properties will post $3.03 earnings per share for the current year.

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In other news, EVP Bennett D. Westbrook sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total transaction of $668,600.00. Following the completion of the sale, the executive vice president now directly owns 18,744 shares of the company’s stock, valued at $1,253,223.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer L. Hutcheson sold 3,644 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total transaction of $242,508.20. Following the sale, the senior vice president now directly owns 8,845 shares of the company’s stock, valued at $588,634.75. The disclosure for this sale can be found here. Insiders have sold 63,644 shares of company stock valued at $4,085,008 over the last three months. Insiders own 3.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. raised its stake in shares of Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 646 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Ryman Hospitality Properties during the first quarter worth about $141,000. Creative Planning raised its stake in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,079 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 89 shares in the last quarter. 89.18% of the stock is owned by hedge funds and other institutional investors.

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

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