Westport Asset Management Inc. acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 25,000 shares of the real estate investment trust’s stock, valued at approximately $3,214,000. Ryman Hospitality Properties makes up 1.3% of Westport Asset Management Inc.’s holdings, making the stock its 27th largest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of RHP. BlackRock Inc. purchased a new position in Ryman Hospitality Properties in the second quarter worth $1,438,737,000. State Street Corp increased its position in shares of Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the period. Geode Capital Management LLC increased its holdings in 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 valued at $150,327,000 after purchasing an additional 11,591 shares during the period. Cooke & Bieler LP raised its holdings in shares of Ryman Hospitality Properties by 12.8% during the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after acquiring an additional 142,206 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 worth $109,381,000 after purchasing an additional 33,120 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Morgan Stanley increased their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Barclays boosted their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Twelve investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $129.73.
Ryman Hospitality Properties Trading Up 1.8%
Shares of RHP stock opened at $128.38 on Thursday. The stock has a fifty day simple moving average of $127.12 and a two-hundred day simple moving average of $110.88. The firm has a market capitalization of $8.10 billion, a PE ratio of 31.39, a PEG ratio of 2.23 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34.
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. The company had revenue of $748.98 million for the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.35 EPS. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 9.18 EPS for the current fiscal year.
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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