Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,899,258 shares of the real estate investment trust’s stock after purchasing an additional 603,936 shares during the quarter. Vanguard Group Inc. owned 14.83% of Ryman Hospitality Properties worth $813,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHP. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 367 shares during the period. CWM LLC raised its holdings in shares of Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 493 shares during the period. FIL Ltd raised its holdings in shares of Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 286 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $108,000. 94.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RHP. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an “outperform” rating in a report on Tuesday, May 6th. Truist Financial cut their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target on the stock. Evercore ISI lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.75.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $94.91 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.12 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The firm has a 50 day moving average of $98.72 and a two-hundred day moving average of $96.39.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.78 earnings per share. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,356 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, the chairman directly owned 870,406 shares of the company’s stock, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the sale, the director directly owned 2,576 shares of the company’s stock, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.