Adage Capital Partners GP L.L.C. Has $4.57 Million Position in Ryman Hospitality Properties, Inc. $RHP

Adage Capital Partners GP L.L.C. lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 61.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the real estate investment trust's stock after selling 80,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Ryman Hospitality Properties worth $4,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RHP. Quantinno Capital Management LP grew its stake in Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock valued at $485,000 after acquiring an additional 98 shares in the last quarter. Norinchukin Bank The grew its stake in Ryman Hospitality Properties by 4.5% during the 1st quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust's stock valued at $253,000 after acquiring an additional 120 shares in the last quarter. Cetera Investment Advisers grew its stake in Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after acquiring an additional 125 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Ryman Hospitality Properties by 3.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock valued at $350,000 after acquiring an additional 130 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Ryman Hospitality Properties by 6.5% during the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock valued at $229,000 after buying an additional 153 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 $1.01 on Friday, reaching $99.73. 193,231 shares of the stock traded hands, compared to its average volume of 782,602. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.81 and a beta of 1.58. 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 stock's 50-day moving average price is $98.33 and its 200-day moving average price is $95.63.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $659.52 million for the quarter, compared to analysts' expectations of $616.56 million. During the same period in the previous year, the business posted $2.78 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RHP has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. Bank of America lifted their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. 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. Wells Fargo & Company boosted 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. 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, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $115.50.

Insiders Place Their Bets

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by company insiders.

About Ryman Hospitality Properties

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.