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American Century Companies Inc. Lowers Stock Position in Ryman Hospitality Properties, Inc. $RHP

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American Century Companies Inc. reduced its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,067,182 shares of the real estate investment trust's stock after selling 233,725 shares during the period. American Century Companies Inc. owned about 1.78% of Ryman Hospitality Properties worth $97,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $31,000. Fifth Third Bancorp boosted its position in shares of 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 worth $53,000 after buying an additional 367 shares during the period. CWM LLC boosted its position in shares of Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after buying an additional 493 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $108,000. Finally, State of Wyoming boosted its position in shares of 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 worth $163,000 after buying an additional 300 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective on the stock. Truist Financial cut their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. 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. Finally, Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $114.75.

Read Our Latest Analysis on RHP

Insider Buying and Selling at Ryman Hospitality Properties

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

Ryman Hospitality Properties Stock Down 0.6%

Shares of RHP stock traded down $0.5690 during trading hours on Thursday, reaching $94.5610. 359,564 shares of the stock were exchanged, compared to its average volume of 802,668. The business's fifty day moving average is $98.45 and its two-hundred day moving average is $96.04. 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 $5.96 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.72 and a beta of 1.62.

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

Ryman Hospitality Properties Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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