Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Stake in Ryman Hospitality Properties, Inc. $RHP

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 54,490 shares of the real estate investment trust’s stock, valued at approximately $7,005,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Inspire Investing LLC increased its stake in Ryman Hospitality Properties by 2.0% during the first quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 111 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the period. Norinchukin Bank The lifted its position in shares of Ryman Hospitality Properties by 4.2% in the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 119 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ryman Hospitality Properties by 0.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after buying an additional 124 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Ryman Hospitality Properties by 3.1% in the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of recent research reports. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays raised their target price on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Morgan Stanley lifted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Twelve 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 $129.73.

Ryman Hospitality Properties Trading Down 0.0%

NYSE:RHP opened at $128.62 on Friday. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.28 and a beta of 1.20. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. The business has a fifty day moving average of $127.39 and a 200-day moving average of $111.24.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. The business had revenue of $748.98 million for the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.35 earnings per share. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 9.18 earnings per share for the current year.

Ryman Hospitality Properties Profile

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.