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

Key Points

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American Century Companies Inc. cut 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 Form 13F filing 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 quarter. American Century Companies Inc. owned about 1.78% of Ryman Hospitality Properties worth $97,583,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth $31,000. Fifth Third Bancorp grew its holdings in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares during the period. CWM LLC grew its holdings in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 493 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth $108,000. Finally, State of Wyoming grew its holdings in Ryman Hospitality Properties by 23.8% in the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 300 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on RHP. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Evercore ISI reduced 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 report on Monday, April 28th. Wall Street Zen cut shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Bank of America lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $114.75.

Ryman Hospitality Properties Stock Up 4.4%

Ryman Hospitality Properties stock traded up $4.1880 during midday trading on Friday, hitting $98.9080. 565,100 shares of the stock were exchanged, compared to its average volume of 632,563. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The business's 50-day moving average price is $98.46 and its 200-day moving average price is $95.94.

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

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of the company's 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 purchase, the director directly owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed bought 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 owned 870,406 shares of the company's stock, valued at approximately $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. Corporate insiders own 5.00% of the company's stock.

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.