Corient Private Wealth LP Makes New $1.39 Million Investment in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Corient Private Wealth purchased 10,818 shares of Ryman Hospitality Properties in the second quarter, representing a new investment valued at approximately $1.39 million. Institutional investors collectively own 94.48% of the company.
• Analysts remain bullish on RHP, with all 12 covering analysts rating it a Buy. The consensus price target is $131.27, with individual targets ranging from $132 to $145.
• Ryman reported quarterly earnings of $1.42 per share, beating estimates of $1.31, while revenue rose 13.6% year over year to $748.98 million.

Corient Private Wealth LP bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,818 shares of the real estate investment trust's stock, valued at approximately $1,391,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RHP. International Assets Investment Management LLC boosted its holdings in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 172 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Cantor Fitzgerald boosted their price objective on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Finally, Truist Financial lifted their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Twelve equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Buy" and an average price target of $131.27.

Ryman Hospitality Properties Stock Performance

RHP opened at $122.09 on Friday. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $137.46. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.88 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The company's 50 day moving average is $127.75 and its 200 day moving average is $113.18.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The company had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. During the same period in the previous year, the business earned $2.35 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

About Ryman Hospitality Properties

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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