The stock of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) hit a new 52-week high and has $61.76 target or 9.00% above today’s $56.66 share price. The 7 months bullish chart indicates low risk for the $2.91B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $61.76 price target is reached, the company will be worth $261.90M 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. The stock decreased 0.70% or $0.4 on November 28, hitting $56.66. About 141,801 shares traded hands. Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has risen 10.86% since April 25, 2016 and is uptrending. It has outperformed by 4.85% the S&P500.
Analysts await Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) to report earnings on February, 24. They expect $1.44 EPS, up 9.92% or $0.13 from last year’s $1.31 per share. RHP’s profit will be $73.96 million for 9.84 P/E if the $1.44 EPS becomes a reality. After $1.29 actual EPS 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. The firm earned “Market Perform” rating on Tuesday, December 15 by Wells Fargo. Deutsche Bank maintained the shares of RHP in a report on Sunday, August 23 with “Buy” rating. As per Wednesday, November 2, the company rating was upgraded by Raymond James. The firm earned “Neutral” rating on Wednesday, August 17 by Citigroup. As per Wednesday, October 14, the company rating was downgraded by Wells Fargo.
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 is positive, 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.
Pnc Fincl Svcs Gru Inc reported 52,535 shares or 0% of all its holdings. Legal & General Gp Public Ltd has invested 0.01% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). Schwab Charles Inv owns 219,873 shares or 0.01% of their US portfolio. Advisory Network Ltd Liability Corp, a Georgia-based fund reported 266 shares. Glenmede Tru Na holds 722,129 shares or 0.22% of its portfolio. Voya Investment Mgmt Ltd Liability Corporation holds 0% or 18,405 shares in its portfolio. Focused Wealth Mngmt accumulated 0% or 175 shares. Walleye Trading Ltd Liability Co has invested 0% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). Amer Group holds 0% or 25,022 shares in its portfolio. Finemark National Bank & Trust & accumulated 118 shares or 0% of the stock. Gabelli Funds Ltd Co owns 1.30M shares or 0.39% of their US portfolio. Principal Financial accumulated 5,813 shares or 0% of the stock. The Wisconsin-based Convergence Inv Partners Limited Liability Company has invested 0.5% in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). The New York-based Millennium Management Limited Liability has invested 0% in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP). Us Bankshares De has invested 0.01% of its portfolio in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP).
Insider Transactions: Since August 5, 2016, the stock had 1 buying transaction, and 4 selling transactions for $332,016 net activity. On Friday, October 14 the insider REED COLIN V bought $399,966. $79,365 worth of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) shares were sold by Hutcheson Jennifer L. Chaffin Patrick S also sold $70,525 worth of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) on Tuesday, August 16. Shares for $358,769 were sold by Westbrook Bennett D on Friday, August 5.
More 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 the news titled: “Is Ryman Hospitality Properties The Perfect REIT?” on March 07, 2016. Businesswire.com‘s news article titled: “Michael Guth Joins Ryman Hospitality Properties as Chief Operating Officer for …” with publication date: July 05, 2016 was also an interesting one.
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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