Ryman Hospitality Properties (RHP) Given a $94.00 Price Target at Deutsche Bank

Ryman Hospitality Properties (NYSE:RHP) received a $94.00 target price from investment analysts at Deutsche Bank in a research report issued to clients and investors on Saturday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank’s target price indicates a potential upside of 7.00% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of Ryman Hospitality Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Ryman Hospitality Properties in a research note on Friday, June 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $84.00.

Shares of NYSE:RHP traded up $1.11 on Friday, reaching $87.85. 250,546 shares of the company were exchanged, compared to its average volume of 266,702. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.48. Ryman Hospitality Properties has a 1-year low of $60.11 and a 1-year high of $90.02. The stock has a market cap of $4.46 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.68). The business had revenue of $333.90 million during the quarter, compared to analyst estimates of $329.60 million. Ryman Hospitality Properties had a net margin of 14.53% and a return on equity of 48.96%. Ryman Hospitality Properties’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. equities analysts anticipate that Ryman Hospitality Properties will post 5.92 earnings per share for the current year.

In related news, SVP Jennifer L. Hutcheson sold 2,428 shares of the stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $83.15, for a total value of $201,888.20. Following the sale, the senior vice president now directly owns 7,763 shares of the company’s stock, valued at approximately $645,493.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of RHP. Cbre Clarion Securities LLC boosted its stake in shares of Ryman Hospitality Properties by 4,354.4% during the 2nd quarter. Cbre Clarion Securities LLC now owns 459,518 shares of the real estate investment trust’s stock worth $38,209,000 after purchasing an additional 449,202 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Ryman Hospitality Properties by 94.4% during the 2nd quarter. Millennium Management LLC now owns 890,028 shares of the real estate investment trust’s stock worth $74,006,000 after purchasing an additional 432,295 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth about $22,716,000. Renaissance Technologies LLC boosted its stake in shares of Ryman Hospitality Properties by 46.5% during the 2nd quarter. Renaissance Technologies LLC now owns 623,641 shares of the real estate investment trust’s stock worth $51,856,000 after purchasing an additional 198,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Ryman Hospitality Properties by 111.3% during the 1st quarter. Russell Investments Group Ltd. now owns 369,222 shares of the real estate investment trust’s stock worth $28,579,000 after purchasing an additional 194,509 shares during the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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