Ryman Hospitality Properties’ (RHP) Hold Rating Reiterated at SunTrust Banks

SunTrust Banks reaffirmed their hold rating on shares of Ryman Hospitality Properties (NYSE:RHP) in a research note issued to investors on Thursday morning. They currently have a $76.00 target price on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Ryman Hospitality Properties’ Q4 2018 earnings at $1.63 EPS, FY2018 earnings at $5.85 EPS, Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.74 EPS, Q3 2019 earnings at $1.10 EPS, Q4 2019 earnings at $1.76 EPS, FY2019 earnings at $5.92 EPS, Q1 2020 earnings at $1.38 EPS, Q2 2020 earnings at $1.95 EPS, Q3 2020 earnings at $1.25 EPS and FY2020 earnings at $6.51 EPS.

RHP has been the topic of a number of other reports. Deutsche Bank set a $94.00 price objective on Ryman Hospitality Properties and gave the company a buy rating in a research note on Saturday, September 15th. Citigroup set a $98.00 price objective on Ryman Hospitality Properties and gave the company a buy rating in a research note on Monday, September 17th. Bank of America boosted their price objective on Ryman Hospitality Properties from $90.00 to $94.00 and gave the company a buy rating in a research note on Tuesday, September 18th. Finally, ValuEngine downgraded Ryman Hospitality Properties from a buy rating to a hold rating in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Ryman Hospitality Properties presently has an average rating of Buy and an average price target of $88.50.

Shares of RHP opened at $75.97 on Thursday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 1.68 and a beta of 1.29. Ryman Hospitality Properties has a 12 month low of $66.35 and a 12 month high of $90.02. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.23 and a current ratio of 1.23.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.70). The business had revenue of $292.25 million during the quarter, compared to analyst estimates of $277.54 million. Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, equities research analysts forecast that Ryman Hospitality Properties will post 5.87 EPS for the current year.

In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 13,031 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $75.83 per share, with a total value of $988,140.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Ryman Hospitality Properties by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,881,444 shares of the real estate investment trust’s stock valued at $679,145,000 after buying an additional 159,056 shares in the last quarter. Legal & General Group Plc increased its position in Ryman Hospitality Properties by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 156,445 shares of the real estate investment trust’s stock valued at $13,480,000 after buying an additional 2,103 shares in the last quarter. Nordea Investment Management AB bought a new stake in Ryman Hospitality Properties in the 3rd quarter valued at about $4,716,000. Teachers Advisors LLC increased its position in Ryman Hospitality Properties by 0.7% in the 3rd quarter. Teachers Advisors LLC now owns 333,476 shares of the real estate investment trust’s stock valued at $28,736,000 after buying an additional 2,340 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Ryman Hospitality Properties by 72.3% in the 3rd quarter. AQR Capital Management LLC now owns 39,230 shares of the real estate investment trust’s stock valued at $3,380,000 after buying an additional 16,459 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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