Invesco Ltd. Acquires 60,713 Shares of Ryman Hospitality Properties, Inc. $RHP

Invesco Ltd. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 56.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,601 shares of the real estate investment trust’s stock after purchasing an additional 60,713 shares during the quarter. Invesco Ltd. owned 0.28% of Ryman Hospitality Properties worth $15,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its holdings in shares of Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 98 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 125 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 3.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 130 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Ryman Hospitality Properties by 6.5% during the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 153 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Ryman Hospitality Properties by 3.7% during the 1st quarter. M&T Bank Corp now owns 6,813 shares of the real estate investment trust’s stock worth $623,000 after acquiring an additional 240 shares during the period. Institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

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

Wall Street Analysts Forecast Growth

RHP has been the subject of a number of recent analyst reports. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Bank of America lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 21st. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target on the stock. Evercore ISI decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Truist Financial decreased 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 report on Friday, May 30th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $114.75.

Ryman Hospitality Properties Stock Up 4.4%

Shares of NYSE RHP opened at $98.9080 on Friday. The company has a 50 day simple moving average of $98.46 and a 200 day simple moving average of $95.94. The firm has a market cap of $6.23 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 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.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

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.