Harbor Capital Advisors Inc. Acquires 15,017 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Harbor Capital Advisors Inc. increased its stake in Ryman Hospitality Properties by 25.4%, acquiring an additional 15,017 shares in the second quarter, bringing its total ownership to approximately 74,119 shares valued at $7.31 million.
• Institutional investors and hedge funds now hold 94.48% of Ryman Hospitality Properties' stock, highlighting significant institutional interest in the company.
• Ryman Hospitality Properties reported $2.35 EPS for the last quarter, exceeding expectations, with a year-on-year revenue growth of 7.5% and setting its FY 2025 earnings guidance between 7.930 to 8.490 EPS.

Harbor Capital Advisors Inc. boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,119 shares of the real estate investment trust's stock after purchasing an additional 15,017 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.12% of Ryman Hospitality Properties worth $7,313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Community Trust NA grew its stake in Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 100 shares during the period. Voya Investment Management LLC grew its stake in Ryman Hospitality Properties by 2.9% in the first quarter. Voya Investment Management LLC now owns 22,229 shares of the real estate investment trust's stock valued at $2,033,000 after acquiring an additional 630 shares during the period. Strs Ohio acquired a new stake in Ryman Hospitality Properties in the first quarter valued at approximately $8,214,000. Geneos Wealth Management Inc. grew its stake in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 209 shares during the period. Finally, Intech Investment Management LLC grew its stake in Ryman Hospitality Properties by 24.6% in the first quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust's stock valued at $3,169,000 after acquiring an additional 6,842 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director directly owned 2,000 shares of the company's stock, valued at $190,660. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Stock Down 0.8%

Shares of NYSE:RHP opened at $99.35 on Tuesday. The company has a market capitalization of $6.26 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.80 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 business has a fifty day moving average price of $98.23 and a two-hundred day moving average price of $95.64. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.

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. The firm had revenue of $659.52 million during 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 business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on RHP shares. Truist Financial reduced their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wall Street Zen downgraded Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. assumed 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. Bank of America upped their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $115.50.

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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