Jefferies Financial Group Has Lowered Expectations for Ryman Hospitality Properties (NYSE:RHP) Stock Price

Ryman Hospitality Properties (NYSE:RHP) had its target price lowered by Jefferies Financial Group from $118.00 to $100.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 28.32% from the stock’s current price.

Several other research firms have also weighed in on RHP. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Ryman Hospitality Properties Stock Performance

RHP stock traded down $0.92 during midday trading on Wednesday, hitting $77.93. 223,701 shares of the stock traded hands, compared to its average volume of 588,642. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties has a 1-year low of $76.52 and a 1-year high of $121.77. The stock’s fifty day simple moving average is $97.03 and its 200-day simple moving average is $105.14. The firm has a market cap of $4.67 billion, a P/E ratio of 17.76, a PEG ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. On average, analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $72,000. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $83,000. Finally, Covestor Ltd grew its stake in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

About Ryman Hospitality Properties

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.