Deutsche Bank AG Has $49.18 Million Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Key Points

• Deutsche Bank AG reduced its stake in Ryman Hospitality Properties by 36.9% during the first quarter, now holding approximately $49.18 million in shares.
• Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 7.3%, now owning about $813.75 million in shares.
• Equities analysts have mixed opinions on Ryman Hospitality Properties, with target prices ranging from $108.00 to $130.00, and an average stock rating of "Moderate Buy."

Deutsche Bank AG lessened its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 36.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 537,873 shares of the real estate investment trust's stock after selling 314,751 shares during the quarter. Deutsche Bank AG owned approximately 0.90% of Ryman Hospitality Properties worth $49,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock valued at $813,748,000 after buying an additional 603,936 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Ryman Hospitality Properties by 6.4% in the first quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock valued at $316,576,000 after acquiring an additional 207,419 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock worth $90,621,000 after purchasing an additional 11,872 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after purchasing an additional 5,807 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in shares of Ryman Hospitality Properties by 25.9% during the 1st quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock worth $82,559,000 after purchasing an additional 185,880 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RHP shares. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Wall Street Zen downgraded Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Evercore ISI lowered their price target on 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. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. Finally, Truist Financial decreased their target price 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. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average target price of $114.75.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $91.89 on Tuesday. The firm has a market cap of $5.79 billion, a PE ratio of 21.93, a PEG ratio of 2.13 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The company's 50 day moving average price is $98.78 and its two-hundred day moving average price is $96.41.

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 business 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%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.78 earnings per share. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm'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 owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Colin V. Reed bought 8,356 shares of Ryman Hospitality Properties stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the acquisition, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

About Ryman Hospitality Properties

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.

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