Empowered Funds LLC Makes New $3.54 Million Investment in Ryman Hospitality Properties, Inc. $RHP

Empowered Funds LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 27,545 shares of the real estate investment trust’s stock, valued at approximately $3,541,000.

Other institutional investors have also recently made changes to their positions in the company. United Capital Financial Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the second quarter worth about $237,000. Caitlin John LLC purchased a new position in Ryman Hospitality Properties during the 2nd quarter valued at approximately $317,000. Public Employees Retirement System of Ohio bought a new stake in Ryman Hospitality Properties in the 2nd quarter worth approximately $9,083,000. Adelante Capital Management LLC bought a new stake in Ryman Hospitality Properties in the 2nd quarter worth approximately $25,695,000. Finally, Corient Private Wealth LP bought a new stake in Ryman Hospitality Properties in the 2nd quarter worth approximately $1,391,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RHP. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Morgan Stanley boosted their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Jefferies Financial Group reiterated a “buy” rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Finally, Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $131.27.

Ryman Hospitality Properties Trading Down 2.8%

RHP opened at $123.18 on Wednesday. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $137.46. 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 $7.78 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 1.94 and a beta of 1.18. The stock’s 50 day moving average price is $128.07 and its 200-day moving average price is $112.87.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. The company had revenue of $748.98 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 9.21 EPS 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.