Lazard Asset Management LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 205.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,420 shares of the real estate investment trust’s stock after purchasing an additional 15,077 shares during the period. Lazard Asset Management LLC’s holdings in Ryman Hospitality Properties were worth $2,069,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after buying an additional 20,756 shares during the period. Geode Capital Management LLC boosted its position in shares of Ryman Hospitality Properties by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock worth $150,327,000 after purchasing an additional 11,591 shares during the period. Cooke & Bieler LP boosted its position in shares of Ryman Hospitality Properties by 12.8% during the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after purchasing an additional 142,206 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Ryman Hospitality Properties by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock valued at $109,381,000 after purchasing an additional 33,120 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Ryman Hospitality Properties by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock valued at $84,251,000 after purchasing an additional 18,614 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Ryman Hospitality Properties Stock Performance
Shares of RHP stock opened at $133.76 on Monday. The company has a market cap of $8.44 billion, a P/E ratio of 35.29, a PEG ratio of 2.39 and a beta of 1.20. The firm has a fifty day moving average price of $124.77 and a 200 day moving average price of $108.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46.
Ryman Hospitality Properties Dividend Announcement
Analyst Upgrades and Downgrades
A number of research firms have commented on RHP. Truist Financial upped their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Raymond James Financial restated an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $127.10.
Check Out Our Latest Report on RHP
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.
Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.
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