Jefferies Financial Group Initiates Coverage on Ryman Hospitality Properties (NYSE:RHP)

Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties (NYSE:RHP) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $130.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target points to a potential upside of 19.95% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on RHP. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average price target of $125.17.

Ryman Hospitality Properties Trading Down 0.5 %

Shares of Ryman Hospitality Properties stock opened at $108.38 on Wednesday. The company’s fifty day moving average price is $106.88 and its two-hundred day moving average price is $103.82. The firm has a market capitalization of $6.49 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65. Ryman Hospitality Properties has a 52-week low of $88.14 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.21% and a return on equity of 60.97%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. On average, analysts expect that Ryman Hospitality Properties will post 8.38 EPS for the current year.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

Institutional Trading of Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock valued at $979,248,000 after buying an additional 226,547 shares during the period. Principal Financial Group Inc. increased its position in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares during the period. American Century Companies Inc. raised its holdings in Ryman Hospitality Properties by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after purchasing an additional 12,058 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after purchasing an additional 870,081 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Ryman Hospitality Properties by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock valued at $81,947,000 after purchasing an additional 8,469 shares during the period. 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.