Empowered Funds LLC Buys New Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Empowered Funds LLC acquired 27,545 shares of Ryman Hospitality Properties in the second quarter, valued at approximately $3.54 million. Institutional investors collectively own 94.48% of the REIT’s outstanding stock.
• Ryman exceeded quarterly expectations, reporting $1.42 in EPS versus the $1.31 consensus estimate and revenue of $748.98 million, up 13.6% year over year.
• Analysts remain broadly bullish, with 12 Buy ratings and an average target price of $131.27; recent targets range as high as $147.

Empowered Funds LLC bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 27,545 shares of the real estate investment trust's stock, valued at approximately $3,541,000.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 worth $27,000 after purchasing an additional 113 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Ryman Hospitality Properties by 155.0% in the 4th 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 worth $27,000 after purchasing an additional 209 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth $28,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $123.18 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $137.46. The business has a 50-day moving average price of $128.07 and a 200-day moving average price of $112.87. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

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 (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The company had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. During the same quarter last year, the company earned $2.35 EPS. The firm's quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RHP shares. Morgan Stanley boosted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Jefferies Financial Group restated a "buy" rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Barclays upped their price target on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $131.27.

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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