Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Boasting a price of $48.17, Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) traded -0.56% lower on the day. With the last stock price close down -7.80% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ryman Hospitality Properties, Inc. (REIT) has recorded a 50-day average of $51.14 and a two hundred day average of $51.74. Volume of trade was up over the average, with 321,113 shares of RHP changing hands over the typical 270,694
Zacks Investment Research has downgraded Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) to Sell in a statement released on 10/5/2016.
On 08/06/2015, JP Morgan released a statement for Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) bumped down the target price from $61.00 to $60.00 that suggested an upside of 0.15%.
With a total market value of $0, Ryman Hospitality Properties, Inc. (REIT) has price-earnings ratio of 17.16 with a one year low of $41.50 and a one year high of $61.02 .
Brief Synopsis About Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP)
Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince GeorgeÂ’s County, Maryland. As of February 15, 2013, this segmentÂ’s network of resorts had 7,797 rooms. It also owns and operates the Inn hotel with approximately 303 rooms at Opryland. The companyÂ’s Opry and Attractions segment owns and operates Nashville-based tourist attractions, including the Grand Ole Opry, a live country music show; the Ryman Auditorium, a venue with approximately 2,300 seats for concerts and musical productions; the General Jackson Showboat, a 300-foot, four-deck paddle wheel showboat on the Cumberland river; the Gaylord Springs Golf Links, a clubhouse, which provides meeting space for approximately 500 guests; and the Wildhorse Saloon, a country music performance venue. This segment also operates WSM-AM, a radio broadcasting station. Ryman Hospitality Properties, Inc. qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ryman Hospitality Properties, Inc. was founded in 1955 and is headquartered in Nashville, Tennessee.
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