Deutsche Bank AG Buys Shares of 104,162 Ryman Hospitality Properties, Inc. $RHP

Key Points

• Deutsche Bank acquired 104,162 shares of Ryman Hospitality Properties in the second quarter, valued at approximately $13.4 million, while institutional investors collectively own 94.48% of the REIT.
• Ryman exceeded quarterly expectations, reporting adjusted earnings of $1.42 per share and revenue of $748.98 million, up 13.6% year over year.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $129.73; shares recently opened at $128.62.

Deutsche Bank AG purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 104,162 shares of the real estate investment trust's stock, valued at approximately $13,390,000. Deutsche Bank AG owned about 0.17% of Ryman Hospitality Properties as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties in the second quarter valued at approximately $51,000. Principle Wealth Partners LLC bought a new stake in shares of Ryman Hospitality Properties in the second quarter worth $302,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ryman Hospitality Properties during the second quarter worth $7,005,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Ryman Hospitality Properties during the second quarter worth $60,655,000. Finally, Global Retirement Partners LLC acquired a new position in Ryman Hospitality Properties during the second quarter worth $43,000. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $128.62 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. 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 firm has a fifty day simple moving average of $127.39 and a 200 day simple moving average of $111.24. The stock has a market capitalization of $8.12 billion, a PE ratio of 31.45, a P/E/G ratio of 2.27 and a beta of 1.20.

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, topping analysts' consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business 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 company earned $2.35 earnings per share. The firm's revenue for the quarter was up 13.6% on a year-over-year basis. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 9.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RHP shares. Barclays lifted their price target on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Cantor Fitzgerald increased their price objective on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Truist Financial raised their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Raymond James Financial reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $129.73.

Ryman Hospitality Properties Company 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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