Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 121.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,615 shares of the real estate investment trust’s stock after buying an additional 6,360 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ryman Hospitality Properties were worth $1,160,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RHP. Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 11,548.3% in the 4th quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock valued at $77,433,000 after purchasing an additional 697,516 shares in the last quarter. Norges Bank purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth about $57,580,000. Vanguard Group Inc. lifted its holdings in Ryman Hospitality Properties by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after buying an additional 226,547 shares during the last quarter. Heitman Real Estate Securities LLC boosted its position in shares of Ryman Hospitality Properties by 46.0% during the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after acquiring an additional 192,962 shares in the last quarter. Finally, South Street Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the 1st quarter valued at about $11,574,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $100.02 on Thursday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The firm has a 50-day simple moving average of $100.87 and a 200-day simple moving average of $106.33. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.64.

Insiders Place Their Bets

In related news, Director William E. Haslam bought 9,972 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $100.28 per share, with a total value of $999,992.16. Following the completion of the acquisition, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Haslam bought 9,972 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the transaction, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RHP. Deutsche Bank Aktiengesellschaft lowered their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. raised their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.71.

About Ryman Hospitality Properties

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.