Ryman Hospitality Properties (RHP) PT Raised to $98.00

Ryman Hospitality Properties (NYSE:RHP) had its price target upped by equities research analysts at Deutsche Bank from $94.00 to $98.00 in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective would suggest a potential upside of 23.64% from the stock’s current price.

RHP has been the subject of a number of other research reports. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. ValuEngine cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. SunTrust Banks reissued a “hold” rating and issued a $76.00 target price on shares of Ryman Hospitality Properties in a research report on Thursday, November 22nd. Finally, Raymond James raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $91.80.

NYSE:RHP opened at $79.26 on Monday. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.60 and a beta of 1.35. Ryman Hospitality Properties has a one year low of $64.36 and a one year 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.



A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in Ryman Hospitality Properties by 50.7% during the fourth quarter. Private Advisor Group LLC now owns 12,118 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 4,076 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Ryman Hospitality Properties during the fourth quarter worth about $359,000. BlackRock Inc. lifted its position in Ryman Hospitality Properties by 3.9% during the fourth quarter. BlackRock Inc. now owns 4,964,938 shares of the real estate investment trust’s stock worth $331,113,000 after purchasing an additional 188,483 shares during the period. California Public Employees Retirement System lifted its position in Ryman Hospitality Properties by 3.7% during the fourth quarter. California Public Employees Retirement System now owns 123,117 shares of the real estate investment trust’s stock worth $8,211,000 after purchasing an additional 4,349 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Ryman Hospitality Properties by 9.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,406 shares of the real estate investment trust’s stock worth $626,000 after purchasing an additional 836 shares during the period. 85.54% 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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