Aew Capital Management L P Has $19.11 Million Stake in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Aew Capital Management L P decreased its stake in Ryman Hospitality Properties to approximately $19.11 million, lowering its holdings by 8.3% during the first quarter.
• In the same period, several other hedge funds significantly increased their positions in RHP, with Nuveen LLC acquiring a stake valued at about $67.9 million.
• Ryman Hospitality Properties reported a quarterly earnings per share (EPS) of $2.35, exceeding expectations, and projected a FY 2025 EPS guidance of 7.930-8.490.

Aew Capital Management L P decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 8.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 208,966 shares of the real estate investment trust's stock after selling 18,890 shares during the period. Aew Capital Management L P owned 0.35% of Ryman Hospitality Properties worth $19,108,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RHP. Nuveen LLC acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at approximately $67,901,000. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock valued at $813,748,000 after buying an additional 603,936 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Ryman Hospitality Properties by 946.6% in the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after buying an additional 454,922 shares during the last quarter. Adelante Capital Management LLC grew its holdings in Ryman Hospitality Properties by 340.1% in the 4th quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock valued at $36,403,000 after buying an additional 269,623 shares during the last quarter. Finally, Hamlin Capital Management LLC grew its holdings in Ryman Hospitality Properties by 42.2% in the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust's stock valued at $81,195,000 after buying an additional 263,630 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on RHP. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial reduced their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Evercore ISI reduced their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $114.75.

Insider Activity

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Colin V. Reed bought 8,356 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Trading Up 4.4%

Shares of RHP opened at $98.9080 on Friday. The stock has a fifty day moving average price of $98.46 and a two-hundred day moving average price of $95.94. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.70 and a beta of 1.62.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. The firm had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

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.

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