Dark Forest Capital Management LP Increases Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Dark Forest Capital Management LP increased its holdings in Ryman Hospitality Properties by 239.2% in the first quarter, acquiring an additional 26,877 shares to reach a total of 38,114 shares.
• Ryman Hospitality Properties has seen various analysts weigh in, with Wall Street Zen downgrading the stock to "sell" while other firms like Bank of America and Wells Fargo set higher price targets, reflecting mixed sentiment surrounding the stock.
• Ryman Hospitality Properties reported earnings of $2.35 EPS, surpassing analysts' expectations and showing a 7.5% increase in revenue from the previous year.

Dark Forest Capital Management LP lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 239.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,114 shares of the real estate investment trust's stock after purchasing an additional 26,877 shares during the period. Dark Forest Capital Management LP owned about 0.06% of Ryman Hospitality Properties worth $3,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $288,000. Benjamin Edwards Inc. boosted its position in Ryman Hospitality Properties by 1.2% during the fourth quarter. Benjamin Edwards Inc. now owns 24,758 shares of the real estate investment trust's stock worth $2,585,000 after acquiring an additional 298 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Ryman Hospitality Properties by 3.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 230,240 shares of the real estate investment trust's stock worth $24,023,000 after acquiring an additional 7,201 shares during the last quarter. Caxton Associates LP acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $269,000. Finally, Captrust Financial Advisors boosted its position in Ryman Hospitality Properties by 16.0% during the fourth quarter. Captrust Financial Advisors now owns 6,128 shares of the real estate investment trust's stock worth $639,000 after acquiring an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Truist Financial decreased their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price on the stock. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Bank of America upped their price objective 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. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $115.50.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director owned 2,576 shares in the company, valued at approximately $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. 5.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Trading Down 0.2%

Shares of RHP stock traded down $0.17 during trading hours on Friday, hitting $100.73. The company had a trading volume of 527,063 shares, compared to its average volume of 520,579. The company's fifty day moving average is $98.44 and its 200 day moving average is $95.60. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The stock has a market capitalization of $6.35 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58.

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

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.