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.
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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