Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 471,843 Ryman Hospitality Properties, Inc. $RHP

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 471,843 shares of the real estate investment trust's stock, valued at approximately $60,655,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.75% of Ryman Hospitality Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 172 shares during the last quarter. International Assets Investment Management LLC grew its position in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 236 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its stake in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 113 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 209 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on RHP shares. Morgan Stanley upped their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. Cantor Fitzgerald boosted their price target 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. Jefferies Financial Group reissued a "buy" rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a report on Wednesday. Barclays raised their price objective on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.73.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $125.34 on Monday. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $137.46. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The business has a fifty day moving average of $126.71 and a two-hundred day moving average of $110.20. The company has a market cap of $7.91 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 2.23 and a beta of 1.20.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS 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 firm had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. During the same quarter in the previous year, the firm earned $2.35 earnings per share. The firm's revenue was up 13.6% on a year-over-year basis. As a group, analysts predict that Ryman Hospitality Properties, Inc. will post 9.14 earnings per share for the current fiscal year.

Ryman Hospitality Properties 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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