Deutsche Bank AG Sells 314,751 Shares of 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 decreased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 537,873 shares of the real estate investment trust's stock after selling 314,751 shares during the period. Deutsche Bank AG owned about 0.90% of Ryman Hospitality Properties worth $49,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RHP. Vanguard Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 7.3% during the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock worth $813,748,000 after buying an additional 603,936 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Ryman Hospitality Properties by 946.6% during the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock worth $52,455,000 after buying an additional 454,922 shares in the last quarter. Adelante Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties by 340.1% during the fourth quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock worth $36,403,000 after buying an additional 269,623 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $23,995,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 6.4% during the first quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock worth $316,576,000 after buying an additional 207,419 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RHP shares. Bank of America raised their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target for the company. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.75.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, the chairman directly owned 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Trading Down 1.0%

RHP stock traded down $0.92 during midday trading on Friday, reaching $94.42. The company's stock had a trading volume of 583,877 shares, compared to its average volume of 661,979. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The stock has a market cap of $5.95 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.62. 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 business's 50-day simple moving average is $98.69 and its 200-day simple moving average is $96.24.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $616.56 million. During the same period last year, the firm earned $2.78 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current 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.