Victory Capital Management Inc. Lowers Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Victory Capital Management Inc. lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,260 shares of the real estate investment trust’s stock after selling 416 shares during the period. Victory Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $691,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RHP. Goldman Sachs Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 163.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,609,829 shares of the real estate investment trust’s stock valued at $127,112,000 after purchasing an additional 999,229 shares during the last quarter. FMR LLC raised its holdings in shares of Ryman Hospitality Properties by 55.3% in the second quarter. FMR LLC now owns 1,055,338 shares of the real estate investment trust’s stock valued at $83,329,000 after purchasing an additional 375,574 shares during the last quarter. Millennium Management LLC increased its holdings in Ryman Hospitality Properties by 497.9% during the second quarter. Millennium Management LLC now owns 321,655 shares of the real estate investment trust’s stock worth $25,398,000 after buying an additional 267,857 shares during the last quarter. Deutsche Bank AG increased its holdings in Ryman Hospitality Properties by 22.8% during the second quarter. Deutsche Bank AG now owns 1,254,048 shares of the real estate investment trust’s stock worth $99,020,000 after buying an additional 232,533 shares during the last quarter. Finally, Taconic Capital Advisors LP purchased a new stake in Ryman Hospitality Properties during the second quarter worth about $16,582,000. Institutional investors own 93.27% of the company’s stock.

RHP opened at $89.98 on Friday. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -19.73 and a beta of 1.72. The firm has a 50-day moving average price of $86.86 and a 200-day moving average price of $83.26. Ryman Hospitality Properties, Inc. has a twelve month low of $61.24 and a twelve month high of $96.69.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Sunday, October 31st. The real estate investment trust reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.17. Ryman Hospitality Properties had a negative net margin of 36.42% and a negative return on equity of 352.82%. The company had revenue of $306.91 million during the quarter, compared to analyst estimates of $280.60 million. During the same period last year, the business earned ($1.09) earnings per share. Ryman Hospitality Properties’s revenue was up 336.9% compared to the same quarter last year. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 0.87 earnings per share for the current year.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Thursday, January 6th. Citigroup upgraded shares of Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $100.00 in a report on Tuesday, December 14th. TheStreet upgraded shares of Ryman Hospitality Properties from a “d” rating to a “c-” rating in a report on Friday, September 24th. Truist Securities upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $61.00 to $75.00 in a report on Friday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ryman Hospitality Properties from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, November 3rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $93.29.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is 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 segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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