Ryman Hospitality Properties, Inc. $RHP Shares Bought by Dark Forest Capital Management LP

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 boosted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 239.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,114 shares of the real estate investment trust's stock after buying an additional 26,877 shares during the period. Dark Forest Capital Management LP owned approximately 0.06% of Ryman Hospitality Properties worth $3,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RHP. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at about $31,000. Fifth Third Bancorp increased its position in Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 367 shares in the last quarter. CWM LLC increased its holdings in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at about $108,000. Finally, State of Wyoming increased its holdings in shares of Ryman Hospitality Properties by 23.8% in the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 300 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the transaction, the director owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

RHP stock traded down $0.45 during mid-day trading on Monday, reaching $100.34. 107,806 shares of the company's stock were exchanged, compared to its average volume of 785,540. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. The stock's 50 day moving average is $98.44 and its 200 day moving average is $95.54. 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 12-month low of $76.27 and a 12-month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The company had revenue of $659.52 million for 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%.Ryman Hospitality Properties's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RHP shares. Bank of America increased their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial cut their price objective on 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. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $115.50.

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.