Penn Capital Management Company LLC Buys 22,182 Shares of Ryman Hospitality Properties, Inc. $RHP

Penn Capital Management Company LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,295 shares of the real estate investment trust’s stock after purchasing an additional 22,182 shares during the period. Ryman Hospitality Properties comprises about 1.4% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 20th biggest position. Penn Capital Management Company LLC’s holdings in Ryman Hospitality Properties were worth $21,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Ryman Hospitality Properties during the second quarter valued at about $1,438,737,000. State Street Corp increased its stake in Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the period. Geode Capital Management LLC raised its holdings in Ryman Hospitality Properties by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after acquiring an additional 11,591 shares in the last quarter. Cooke & Bieler LP raised its holdings in Ryman Hospitality Properties by 12.8% in the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after acquiring an additional 142,206 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Ryman Hospitality Properties by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock worth $109,381,000 after acquiring an additional 33,120 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RHP. Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley boosted their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $131.27.

Ryman Hospitality Properties Trading Up 0.0%

RHP stock opened at $129.20 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The business’s 50 day moving average is $128.06 and its 200-day moving average is $112.45. The firm has a market cap of $8.16 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.98 and a beta of 1.20.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.31 by $0.11. The business had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.Ryman Hospitality Properties’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $2.35 EPS. Equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current fiscal year.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.