Ryman Hospitality Properties, Inc. (REIT) (RHP) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) from a sell rating to a buy rating in a report published on Thursday, May 4th. The firm currently has $71.00 price objective on the real estate investment trust’s stock.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

Separately, Bank of America Corp lowered Ryman Hospitality Properties, Inc. (REIT) from a neutral rating to an underperform rating and set a $60.00 target price on the stock. in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Ryman Hospitality Properties, Inc. (REIT) currently has an average rating of Hold and an average price target of $61.33.

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by $0.54. The business had revenue of $276.04 million for the quarter, compared to analyst estimates of $270.82 million. Ryman Hospitality Properties, Inc. (REIT) had a return on equity of 42.03% and a net margin of 13.15%.

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A number of hedge funds and other institutional investors have recently modified their holdings of RHP. California State Teachers Retirement System raised its position in shares of Ryman Hospitality Properties, Inc. (REIT) by 1.0% in the third quarter. California State Teachers Retirement System now owns 92,043 shares of the real estate investment trust’s stock worth $4,433,000 after buying an additional 900 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Ryman Hospitality Properties, Inc. (REIT) by 5.4% in the third quarter. SG Americas Securities LLC now owns 13,022 shares of the real estate investment trust’s stock worth $627,000 after buying an additional 673 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Ryman Hospitality Properties, Inc. (REIT) during the third quarter worth approximately $322,000. BlackRock Group LTD raised its position in shares of Ryman Hospitality Properties, Inc. (REIT) by 6.4% in the third quarter. BlackRock Group LTD now owns 363,410 shares of the real estate investment trust’s stock worth $17,501,000 after buying an additional 22,005 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Ryman Hospitality Properties, Inc. (REIT) by 5.5% in the third quarter. Rhumbline Advisers now owns 56,699 shares of the real estate investment trust’s stock worth $2,731,000 after buying an additional 2,940 shares in the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties, Inc (REIT) is a finance company in the Specialized REITs industry.

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