Corient Private Wealth LP Takes $1.39 Million Position in Ryman Hospitality Properties, Inc. $RHP

Corient Private Wealth LP bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,818 shares of the real estate investment trust’s stock, valued at approximately $1,391,000.

Several other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $28,000. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RHP. 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. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Buy” and a consensus price target of $131.27.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $122.09 on Friday. The firm has a fifty day simple moving average of $127.75 and a two-hundred day simple moving average of $113.18. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $137.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The stock has a market capitalization of $7.71 billion, a P/E ratio of 29.85, a PEG ratio of 1.88 and a beta of 1.18.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same quarter last year, the firm earned $2.35 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts expect 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.