Cetera Investment Advisers Acquires 1,217 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cetera Investment Advisers increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 27.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,686 shares of the real estate investment trust’s stock after buying an additional 1,217 shares during the period. Cetera Investment Advisers’ holdings in Ryman Hospitality Properties were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RHP. Principal Financial Group Inc. increased its holdings in Ryman Hospitality Properties by 6.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust’s stock valued at $316,576,000 after buying an additional 207,419 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust’s stock worth $97,737,000 after acquiring an additional 5,807 shares in the last quarter. Cooke & Bieler LP increased its stake in Ryman Hospitality Properties by 25.9% in the first quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust’s stock valued at $82,559,000 after acquiring an additional 185,880 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ryman Hospitality Properties by 4.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 892,018 shares of the real estate investment trust’s stock valued at $81,566,000 after acquiring an additional 38,767 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Ryman Hospitality Properties by 4.0% during the fourth quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust’s stock valued at $88,963,000 after purchasing an additional 32,518 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $94.42 on Friday. The stock’s 50-day moving average is $98.69 and its 200-day moving average is $96.19. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a market cap of $5.95 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62.

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. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The business had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. During the same period last year, the company earned $2.78 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Insider Buying and Selling

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $190,660. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties 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 completion of the transaction, the director directly 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 disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. 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. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an “overweight” rating and a $117.00 target price for the company. Finally, Truist Financial reduced 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 research note on Friday, May 30th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $114.75.

Ryman Hospitality Properties 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.