Allstate Corp Acquires Shares of 10,034 Ryman Hospitality Properties, Inc. $RHP

Key Points

• Allstate Corp has acquired 10,034 shares of Ryman Hospitality Properties (NYSE:RHP), valued at approximately $918,000.
• Ryman Hospitality recently reported better-than-expected earnings, posting $2.35 EPS for the quarter, which exceeded estimates by $0.04.
• The stock has seen a price increase of 4.4% and currently has an average price target of $114.75 from analysts, with a majority rating it as "Buy".

Allstate Corp acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,034 shares of the real estate investment trust's stock, valued at approximately $918,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Fifth Third Bancorp increased its stake in Ryman Hospitality Properties by 175.6% in the 1st 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 increased its stake in Ryman Hospitality Properties by 213.4% in the 1st 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 stake in Ryman Hospitality Properties in the 4th quarter valued at about $108,000. Finally, State of Wyoming increased its stake in Ryman Hospitality Properties by 23.8% in the 4th 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 Up 4.4%

RHP opened at $98.9080 on Monday. The company has a 50 day moving average of $98.46 and a 200 day moving average of $95.84. The company has a market cap of $6.23 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.78 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72.

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 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. Ryman Hospitality Properties's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the acquisition, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RHP has been the subject of several analyst reports. Evercore ISI decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. began coverage on shares of 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. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Bank of America raised their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $114.75.

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.

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