11,192,040 Shares in Ryman Hospitality Properties, Inc. $RHP Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 11.19 million Ryman Hospitality Properties shares worth approximately $1.44 billion, giving it a 17.73% stake. Institutional investors and hedge funds collectively own 94.48% of RHP.
• Ryman reported quarterly EPS of $1.42, beating estimates of $1.31, while revenue reached $748.98 million and increased 13.6% year over year.
• Analysts maintain a broadly positive outlook, with all 12 covering analysts rating the stock a Buy and an average price target of $129.73; RHP recently traded at $128.96.

BlackRock Inc. purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,192,040 shares of the real estate investment trust's stock, valued at approximately $1,438,737,000. BlackRock Inc. owned about 17.73% of Ryman Hospitality Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Strs Ohio lifted its holdings in Ryman Hospitality Properties by 10.6% in the fourth quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust's stock valued at $11,962,000 after acquiring an additional 12,100 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $60,655,000. Hsbc Holdings PLC increased its holdings in shares of Ryman Hospitality Properties by 12.1% during the 1st quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust's stock valued at $10,892,000 after purchasing an additional 12,717 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Ryman Hospitality Properties in the 1st quarter valued at $992,000. Finally, Quent Capital LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter worth $1,135,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Up 0.5%

Shares of RHP opened at $128.96 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46. The stock has a market cap of $8.14 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. The firm's fifty day moving average is $127.27 and its two-hundred day moving average is $111.12. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 9.91% and a return on equity of 34.54%. Ryman Hospitality Properties's revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.35 EPS. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 9.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RHP. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. 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. Truist Financial raised their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Cantor Fitzgerald boosted their price objective 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. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Twelve equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $129.73.

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.

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