Dynamic Technology Lab Private Ltd Buys New Shares in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Dynamic Technology Lab Private Ltd purchased 6,391 shares of Ryman Hospitality Properties, Inc. for approximately $584,000, highlighting increased institutional interest in the real estate investment trust.
• Ryman Hospitality Properties reported a Q2 EPS of $2.35, beating estimates and reflecting a 7.5% increase in quarterly revenue year-over-year.
• Eight analysts currently have a consensus rating of "Buy" on Ryman Hospitality Properties, with an average target price of $115.50.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,391 shares of the real estate investment trust's stock, valued at approximately $584,000.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at $31,000. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 367 shares during the last quarter. CWM LLC raised its stake in Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after buying an additional 493 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at $108,000. Finally, State of Wyoming raised its stake in Ryman Hospitality Properties by 23.8% during the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP traded down $0.62 during trading hours on Friday, hitting $100.13. The stock had a trading volume of 659,088 shares, compared to its average volume of 544,388. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The firm has a market capitalization of $6.31 billion, a PE ratio of 23.90, a PEG ratio of 1.81 and a beta of 1.58. The stock has a fifty day moving average price of $98.27 and a 200 day moving average price of $95.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. During the same quarter in the previous year, the company posted $2.78 earnings per share. Ryman Hospitality Properties's revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Insider Activity at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company's stock, valued at approximately $190,660. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on RHP. Bank of America lifted their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Truist Financial reduced their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $115.50.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.