Wells Fargo analyst Dori Kesten maintained a Buy rating on Ryman (RHP – Research Report) today and set a price target of $125.00. The company’s shares closed yesterday at $108.92.
According to TipRanks, Kesten is a 4-star analyst with an average return of 7.0% and a 65.77% success rate. Kesten covers the Real Estate sector, focusing on stocks such as Diamondrock, Service Properties, and Pebblebrook Hotel.
In addition to Wells Fargo, Ryman also received a Buy from Truist Financial’s Patrick Scholes in a report issued on December 12. However, on December 13, J.P. Morgan upgraded Ryman (NYSE: RHP) to a Hold.
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Based on Ryman’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $528.51 million and a net profit of $41.23 million. In comparison, last year the company earned a revenue of $467.76 million and had a net profit of $45.24 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RHP in relation to earlier this year.
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Ryman (RHP) Company Description:
Ryman Hospitality Properties, Inc. operates as a real estate investment trust which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following business segments: Hospitality, Entertainment and Corporate & Other. The Hospitality segment includes hotel properties and the results of hotel operations. The Entertainment segment comprises of Grand Ole Opry assets, WSM-AM and Nashville attractions. The Corporate & Other segment includes corporate expenses. The company was founded by Edward Lewis Gaylord in 1956 and is headquartered in Nashville, TN.
Read More on RHP:
- Ryman Hospitality Properties, Inc. Announces Fourth Quarter 2023 Earnings Conference Call – Friday, February 23, 2024, 12 p.m. ET
- Ryman Hospitality expands board with appointment of Erin Mulligan Helgren
- Ryman Hospitality Properties Announces Appointment of Erin Mulligan Helgren as a Director
- Ryman Hospitality just upgraded at JPMorgan, here’s why
- Truist updates lodging and leisure price targets following Q3 earnings
