MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,548 Shares of Ryman Hospitality Properties, Inc. $RHP

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 34,924 shares of the real estate investment trust’s stock after acquiring an additional 1,548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Ryman Hospitality Properties worth $3,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Fifth Third Bancorp grew its stake 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 in the last quarter. CWM LLC grew its stake 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 in the last quarter. GF Fund Management CO. LTD. purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $108,000. Finally, State of Wyoming grew its stake 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 in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Down 0.6%

Shares of NYSE:RHP opened at $100.13 on Friday. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.81 and a beta of 1.58. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50-day simple moving average is $98.27 and its two-hundred day simple moving average is $95.65. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

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 for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $659.52 million for the quarter, compared to analysts’ expectations of $616.56 million. During the same period in the previous year, the firm earned $2.78 EPS. The business’s quarterly 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. Analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RHP. Wall Street Zen cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Bank of America increased their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target on the stock. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Truist Financial dropped their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $115.50.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

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.