Charles Schwab Investment Management Inc. Has $90.62 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Charles Schwab Investment Management Inc. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 991,048 shares of the real estate investment trust's stock after purchasing an additional 11,872 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.65% of Ryman Hospitality Properties worth $90,621,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter worth about $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 purchasing an additional 367 shares in the last quarter. CWM LLC raised its holdings 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 acquiring an additional 493 shares during the period. FIL Ltd increased its stake in Ryman Hospitality Properties by 44.5% in the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after buying an additional 286 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at $108,000. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on RHP shares. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Bank of America upped their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.75.

Ryman Hospitality Properties Price Performance

RHP stock traded down $0.92 during midday trading on Friday, reaching $94.42. The stock had a trading volume of 583,877 shares, compared to its average volume of 661,979. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week 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. The company's fifty day simple moving average is $98.69 and its 200 day simple moving average is $96.19. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 earnings per share. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The stock was bought at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the sale, the director directly owned 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Company 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.