Atria Wealth Solutions Inc. Makes New $279,000 Investment in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake in Ryman Hospitality Properties, purchasing 3,055 shares valued at approximately $279,000 in the 1st quarter of 2024.
• Institutional investors and hedge funds now own 94.48% of Ryman Hospitality Properties, indicating significant investment interest in the company.
• Ryman Hospitality Properties reported earnings of $2.35 per share for the last quarter, exceeding analysts' expectations and demonstrating a year-over-year revenue increase of 7.5%.

Atria Wealth Solutions Inc. purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,055 shares of the real estate investment trust's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 301.3% in the 1st quarter. New Age Alpha Advisors LLC now owns 45,255 shares of the real estate investment trust's stock valued at $4,138,000 after buying an additional 33,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Ryman Hospitality Properties in the first quarter valued at about $1,536,000. PNC Financial Services Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 55.6% in the first quarter. PNC Financial Services Group Inc. now owns 19,823 shares of the real estate investment trust's stock valued at $1,813,000 after purchasing an additional 7,085 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Ryman Hospitality Properties by 14.1% in the first quarter. US Bancorp DE now owns 6,661 shares of the real estate investment trust's stock valued at $609,000 after purchasing an additional 825 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Ryman Hospitality Properties by 43.6% in the first quarter. Natixis Advisors LLC now owns 23,164 shares of the real estate investment trust's stock valued at $2,118,000 after purchasing an additional 7,035 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHP has been the topic of several analyst reports. Bank of America upped their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Evercore ISI lowered their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. 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 note on Tuesday, July 15th. Finally, Truist Financial lowered their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $114.75.

Ryman Hospitality Properties Trading Down 0.5%

Shares of RHP stock traded down $0.49 during mid-day trading on Wednesday, hitting $95.14. The company's stock had a trading volume of 773,944 shares, compared to its average volume of 622,378. The company's fifty day simple moving average is $98.45 and its 200-day simple moving average is $96.04. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $5.99 billion, a PE ratio of 22.71, a P/E/G ratio of 1.72 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 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 period in the previous year, the company posted $2.78 EPS. The firm's revenue 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, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,356 shares of the stock in a transaction dated 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 acquisition, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, with a total value of $190,660.00. Following the completion of the acquisition, the director owned 2,000 shares of the company's stock, valued at $190,660. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.00% of the company's stock.

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.