US Bancorp DE Buys 825 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

US Bancorp DE grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 14.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 6,661 shares of the real estate investment trust’s stock after acquiring an additional 825 shares during the quarter. US Bancorp DE’s holdings in Ryman Hospitality Properties were worth $609,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock worth $6,753,000 after buying an additional 8,261 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ryman Hospitality Properties by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 405 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Ryman Hospitality Properties by 53.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust’s stock worth $692,000 after buying an additional 2,615 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Ryman Hospitality Properties by 44.3% during the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust’s stock worth $1,526,000 after buying an additional 5,125 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Ryman Hospitality Properties by 751.6% in the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 15,039 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RHP shares. Wall Street Zen cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI decreased their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Bank of America raised their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Truist Financial lowered their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Finally, Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.75.

Ryman Hospitality Properties Stock Down 0.6%

Shares of Ryman Hospitality Properties stock opened at $91.89 on Tuesday. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s 50-day moving average is $98.78 and its 200 day moving average is $96.41. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.13 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%. The company had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same quarter in the prior year, the company earned $2.78 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Insider Activity at Ryman Hospitality Properties

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

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.