Aew Capital Management L P Trims Stock Holdings 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 trimmed its holdings in 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 Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 7.3% during 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 acquiring an additional 603,936 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock valued at $316,576,000 after acquiring an additional 207,419 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock valued at $90,621,000 after acquiring an additional 11,872 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock valued at $97,737,000 after acquiring an additional 5,807 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in shares of Ryman Hospitality Properties by 25.9% during the 1st quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock valued at $82,559,000 after acquiring an additional 185,880 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RHP shares. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Bank of America upped their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. 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, According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Buy" and a consensus price target of $115.50.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 price 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 position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Down 1.3%

Shares of RHP stock traded down $1.32 during trading hours on Thursday, reaching $97.98. The company had a trading volume of 159,777 shares, compared to its average volume of 795,231. 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 twelve month low of $76.27 and a twelve month high of $121.77. The company has a market capitalization of $6.17 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. The stock's fifty day simple moving average is $98.47 and its 200 day simple moving average is $95.82.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $616.56 million. During the same quarter last year, the firm earned $2.78 earnings per share. The company's revenue for the quarter 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. As a group, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

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.