Envestnet Asset Management Inc. trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 1.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,350 shares of the real estate investment trust’s stock after selling 259 shares during the period. Envestnet Asset Management Inc.’s holdings in Ryman Hospitality Properties were worth $1,091,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of RHP. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $25,000. Trust Co. of Vermont bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $30,000. Lazard Asset Management LLC boosted its holdings in Ryman Hospitality Properties by 667.4% in the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 287 shares during the period. First Horizon Advisors Inc. boosted its holdings in Ryman Hospitality Properties by 52.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 405 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 139 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Ryman Hospitality Properties in the 2nd quarter worth approximately $38,000. 93.81% of the stock is owned by institutional investors.
Ryman Hospitality Properties Stock Performance
Ryman Hospitality Properties stock opened at $89.00 on Thursday. The firm’s fifty day moving average price is $83.50 and its 200-day moving average price is $84.11. The company has a debt-to-equity ratio of 55.18, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $4.91 billion, a P/E ratio of 78.07 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a fifty-two week low of $70.46 and a fifty-two week high of $101.19.
Ryman Hospitality Properties Dividend Announcement
Analyst Ratings Changes
RHP has been the subject of several analyst reports. TheStreet raised shares of Ryman Hospitality Properties from a “d+” rating to a “c” rating in a report on Tuesday, August 2nd. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $107.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, August 29th. StockNews.com assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Truist Financial upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $95.00 to $103.00 in a research note on Wednesday, September 7th. Finally, Citigroup increased their target price on shares of Ryman Hospitality Properties to $110.00 in a research note on Monday, August 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.00.
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 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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