Amundi Has $2.93 Million Holdings in Ryman Hospitality Properties, Inc. $RHP

Amundi boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,110 shares of the real estate investment trust’s stock after purchasing an additional 2,419 shares during the quarter. Amundi owned about 0.06% of Ryman Hospitality Properties worth $2,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quantinno Capital Management LP raised its stake in Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 98 shares in the last quarter. Norinchukin Bank The raised its stake in Ryman Hospitality Properties by 4.5% in the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 120 shares in the last quarter. Cetera Investment Advisers raised its stake in Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 125 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 130 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in Ryman Hospitality Properties by 6.5% during the first 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 in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Buying and Selling

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $190,660. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RHP shares. Wall Street Zen cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 30th. Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. assumed 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 for the company. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Buy” and an average target price of $115.50.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $100.84 on Friday. The business’s 50 day simple moving average is $98.33 and its 200 day simple moving average is $95.63. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The stock has a market capitalization of $6.35 billion, a PE ratio of 24.07, a PEG ratio of 1.81 and a beta of 1.58. 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 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 business had revenue of $659.52 million for the quarter, compared to analysts’ expectations of $616.56 million. During the same period in the prior year, the business posted $2.78 earnings per share. The firm’s revenue 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. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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.