HighTower Advisors LLC Buys 238 Shares of Ryman Hospitality Properties, Inc. $RHP

HighTower Advisors LLC boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,745 shares of the real estate investment trust’s stock after acquiring an additional 238 shares during the quarter. HighTower Advisors LLC’s holdings in Ryman Hospitality Properties were worth $251,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at $31,000. Fifth Third Bancorp increased its position in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 367 shares during the last quarter. CWM LLC increased its position in Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 493 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at $108,000. Finally, State of Wyoming increased its position in Ryman Hospitality Properties by 23.8% during the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the transaction, the director directly owned 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H Eric Bolton, Jr. acquired 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 completion of the acquisition, the director directly owned 2,000 shares in the company, valued at $190,660. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RHP. Bank of America upped their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price objective for the company. Truist Financial reduced their price target 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, Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties presently has an average rating of “Buy” and a consensus target price of $115.50.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $99.88 on Thursday. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.78 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The business has a 50 day simple moving average of $98.42 and a 200-day simple moving average of $95.69. 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 posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (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 business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. During the same period last year, the company earned $2.78 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

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.