Redpoint Investment Management Pty Ltd Acquires Shares of 3,662 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Redpoint Investment Management Pty Ltd bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,662 shares of the real estate investment trust’s stock, valued at approximately $278,000.

Several other institutional investors have also modified their holdings of the business. State Street Corp lifted its stake in shares of Ryman Hospitality Properties by 14.6% in the first quarter. State Street Corp now owns 2,640,373 shares of the real estate investment trust’s stock worth $244,947,000 after acquiring an additional 336,493 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock worth $192,155,000 after acquiring an additional 287,880 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ryman Hospitality Properties by 6.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,289,595 shares of the real estate investment trust’s stock worth $118,593,000 after acquiring an additional 81,283 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,044,890 shares of the real estate investment trust’s stock worth $96,088,000 after acquiring an additional 7,777 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ryman Hospitality Properties by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 785,513 shares of the real estate investment trust’s stock worth $72,873,000 after acquiring an additional 17,647 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Ryman Hospitality Properties from $116.00 to $121.00 in a research note on Wednesday, August 3rd. Truist Financial upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $103.00 in a research note on Wednesday, September 7th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Citigroup upped their price objective on Ryman Hospitality Properties to $110.00 in a research note on Monday, August 22nd. Finally, Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $107.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, August 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $84.95 on Monday. The firm has a market capitalization of $4.68 billion, a PE ratio of 447.11 and a beta of 1.58. The stock has a 50 day moving average of $85.35 and a 200-day moving average of $86.94. Ryman Hospitality Properties, Inc. has a 52 week low of $70.46 and a 52 week high of $101.19. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 459.48.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $470.20 million during the quarter, compared to analyst estimates of $427.99 million. Ryman Hospitality Properties had a negative return on equity of 55.38% and a net margin of 0.77%. The business’s revenue was up 175.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post 6.22 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 29th.

Insider Buying and Selling

In related news, Director Rachna Bhasin sold 4,810 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $92.53, for a total value of $445,069.30. Following the completion of the transaction, the director now directly owns 4,585 shares of the company’s stock, valued at approximately $424,250.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Rachna Bhasin sold 4,810 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $92.53, for a total value of $445,069.30. Following the completion of the transaction, the director now directly owns 4,585 shares of the company’s stock, valued at approximately $424,250.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Pantoya sold 400 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $94.02, for a total value of $37,608.00. Following the completion of the sale, the director now owns 4,973 shares of the company’s stock, valued at $467,561.46. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Ryman Hospitality Properties Company Profile

(Get Rating)

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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

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