Jupiter Topco LLC Invests $40.72 Million in Ryman Hospitality Properties, Inc. $RHP

Jupiter Topco LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 316,750 shares of the real estate investment trust’s stock, valued at approximately $40,721,000. Jupiter Topco LLC owned 0.50% of Ryman Hospitality Properties at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Ryman Hospitality Properties in the 2nd quarter worth approximately $1,438,737,000. State Street Corp grew its position in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after purchasing an additional 20,756 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ryman Hospitality Properties by 0.7% during 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 purchasing an additional 11,591 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Ryman Hospitality Properties by 12.8% in the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after purchasing an additional 142,206 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 2.9% in the fourth 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 purchasing an additional 33,120 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $129.19 on Friday. The firm’s fifty day moving average price is $127.98 and its 200-day moving average price is $112.33. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $8.15 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. The company had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 earnings per share. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 9.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RHP. Barclays lifted their price objective on Ryman Hospitality Properties from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Weiss Ratings upgraded Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Truist Financial lifted their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Twelve equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $131.27.

Ryman Hospitality Properties Company 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.