Bruni J V & Co. Co. Takes Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Bruni J V & Co. Co. acquired 509,964 Ryman Hospitality Properties shares in the second quarter, valued at approximately $65.6 million and representing about 0.81% of RHP. Institutional investors collectively own 94.48% of the REIT.
• Analysts remain broadly optimistic, with 11 Buy ratings and one Hold rating. RHP has a consensus “Moderate Buy” rating and an average price target of $129.73.
• Ryman reported quarterly earnings of $1.42 per share, exceeding estimates of $1.31, while revenue reached $748.98 million, up 13.6% year over year and above expectations.

Bruni J V & Co. Co. purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 509,964 shares of the real estate investment trust's stock, valued at approximately $65,555,872,000. Ryman Hospitality Properties comprises approximately 6.0% of Bruni J V & Co. Co.'s holdings, making the stock its 5th biggest position. Bruni J V & Co. Co. owned approximately 0.81% of Ryman Hospitality Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Strs Ohio grew its position in shares of Ryman Hospitality Properties by 10.6% in the fourth quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust's stock valued at $11,962,000 after purchasing an additional 12,100 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $992,000. Hsbc Holdings PLC raised its position in shares of Ryman Hospitality Properties by 12.1% during the 1st quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust's stock worth $10,892,000 after purchasing an additional 12,717 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Ryman Hospitality Properties in the 2nd quarter valued at approximately $60,655,000. Finally, Quent Capital LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at approximately $1,135,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RHP has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Raymond James Financial reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Barclays lifted their price objective on Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Ryman Hospitality Properties in a report on Monday, August 3rd. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.73.

Ryman Hospitality Properties Trading Up 1.6%

RHP stock opened at $126.11 on Wednesday. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.23 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The business has a fifty day simple moving average of $126.93 and a 200-day simple moving average of $110.64. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $137.46.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to analysts' expectations of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 earnings per share. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 9.18 EPS for the current year.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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