Live Stock Coverage: What’s Ryman Hospitality Properties, Inc. (REIT) Upside After Making 52-Week High?

Live Stock Coverage: What's Ryman Hospitality Properties, Inc. (REIT) Upside After Making 52 Week High?

The stock of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) hit a new 52-week high and has $60.80 target or 7.00% above today’s $56.82 share price. The 5 months bullish chart indicates low risk for the $2.87B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $60.80 price target is reached, the company will be worth $200.90 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 95,523 shares traded hands. Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has risen 10.22% since April 21, 2016 and is uptrending. It has outperformed by 4.89% the S&P500.

Analysts await Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) to report earnings on February, 24. They expect $1.44 earnings per share, up 9.92% or $0.13 from last year’s $1.31 per share. RHP’s profit will be $72.73M for 9.86 P/E if the $1.44 EPS becomes a reality. After $1.29 actual earnings per share reported by Ryman Hospitality Properties, Inc. (REIT) for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) Ratings Coverage

Out of 4 analysts covering Ryman Hospitality Properties (NYSE:RHP), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Ryman Hospitality Properties has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, October 14 the stock rating was downgraded by Wells Fargo to “Underperform”. The stock of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) earned “Outperform” rating by Raymond James on Wednesday, November 2. The stock of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) earned “Market Perform” rating by Wells Fargo on Tuesday, December 15. The company was maintained on Wednesday, August 17 by Citigroup. The company was maintained on Sunday, August 23 by Deutsche Bank.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.20, from 1.12 in 2016Q1. The ratio increased, as 24 funds sold all Ryman Hospitality Properties, Inc. (REIT) shares owned while 69 reduced positions. 30 funds bought stakes while 74 increased positions. They now own 41.76 million shares or 6.75% less from 44.78 million shares in 2016Q1.
Alliancebernstein Ltd Partnership holds 92,664 shares or 0% of its portfolio. Enterprise Fincl Services holds 0% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) for 85 shares. Wells Fargo And Mn, a California-based fund reported 300,630 shares. Rhumbline Advisers reported 53,759 shares or 0.01% of all its holdings. The Illinois-based Driehaus Cap Mngmt has invested 0.01% in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). The Illinois-based Great Lakes Ltd Liability Co has invested 0.01% in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). Corsair Cap Mngmt Lp owns 573,374 shares or 4.42% of their US portfolio. Kbc Group Inc Nv reported 12,677 shares or 0.01% of all its holdings. Moreover, Advisory Svcs Networks has 0% invested in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) for 266 shares. Neuberger Berman Gp Lc holds 0.01% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) for 123,761 shares. Allianz Asset Management Ag has invested 0% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). Glenmede Tru Na has 0.22% invested in the company for 722,129 shares. First Tru Advisors L P holds 0.02% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) for 138,130 shares. Diversified, a Tennessee-based fund reported 10,850 shares. Acadian Asset Ltd Liability Corp holds 25 shares or 0% of its portfolio.

Insider Transactions: Since August 5, 2016, the stock had 1 insider buy, and 4 insider sales for $332,016 net activity. Westbrook Bennett D sold $358,769 worth of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) on Friday, August 5. 1,300 shares with value of $70,525 were sold by Chaffin Patrick S on Tuesday, August 16. On Monday, November 7 Hutcheson Jennifer L sold $79,365 worth of the stock or 1,502 shares. Another trade for 8,040 shares valued at $399,966 was bought by REED COLIN V.

More important recent Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) news were published by: Marketwatch.com which released: “Ryman Hospitality upgraded to outperform from market perform at Raymond James” on October 24, 2012, also Seekingalpha.com published article titled: “Is Ryman Hospitality Properties The Perfect REIT?”, Businesswire.com published: “Ryman Hospitality Properties Announces $120 Million Planned Expansion of …” on January 20, 2016. More interesting news about Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) was released by: Businesswire.com and their article: “Michael Guth Joins Ryman Hospitality Properties as Chief Operating Officer for …” with publication date: July 05, 2016.

RHP Company Profile

Ryman Hospitality Properties, Inc., incorporated on June 21, 2012, is a self-advised and self-administered real estate investment trust (REIT). The Firm focuses on group-oriented, destination hotel assets in urban and resort markets. The Company’s divisions include Hospitality, which includes its hotel properties and the results of hotel operations; Entertainment, which includes its Grand Ole Opry assets, WSM-AM and its Nashville assets, and Corporate and Other, which includes corporate expenses. The Company’s assets include a network of approximately four upscale, meetings-focused resorts totaling over 7,790 rooms that are managed by lodging operator Marriott International, Inc. (Marriott) under the Gaylord Hotels brand.

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