Graham Capital Management L.P. Boosts Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Graham Capital Management L.P. increased its stake in Ryman Hospitality Properties by 63.1%, acquiring an additional 4,917 shares for a total of 12,713 shares, valued at approximately $1,162,000.
• Ryman Hospitality Properties recently reported $2.35 earnings per share (EPS) for the last quarter, exceeding estimates, with revenues of $659.52 million, representing a 7.5% increase year-over-year.
• Despite various analyst ratings and target price adjustments, the consensus rating for Ryman Hospitality Properties remains a "Buy", with a target price of $115.50.

Graham Capital Management L.P. boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 63.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,713 shares of the real estate investment trust's stock after buying an additional 4,917 shares during the period. Graham Capital Management L.P.'s holdings in Ryman Hospitality Properties were worth $1,162,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the 4th quarter valued at approximately $31,000. Fifth Third Bancorp boosted its holdings in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. CWM LLC raised its holdings in shares of Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Ryman Hospitality Properties during the 4th quarter worth $108,000. Finally, State of Wyoming raised its position in Ryman Hospitality Properties by 23.8% during the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock worth $163,000 after acquiring an additional 300 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director directly owned 2,576 shares of the company's stock, valued at $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director H Eric Bolton, Jr. bought 2,000 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Bank of America boosted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. Truist Financial lowered their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $115.50.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded up $0.18 during mid-day trading on Monday, reaching $100.96. The company had a trading volume of 345,702 shares, compared to its average volume of 786,883. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a market capitalization of $6.36 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.81 and a beta of 1.58. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The stock's 50-day simple moving average is $98.44 and its 200-day simple moving average is $95.54.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.74% and a return on equity of 41.65%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

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.