Invesco Ltd. Grows Holdings in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Invesco Ltd. increased its stake in Ryman Hospitality Properties by 56.3%, acquiring an additional 60,713 shares during Q1, bringing its total ownership to 168,601 shares valued at approximately $15.4 million.
• Ryman Hospitality's stock has recently seen upgrades from analysts, with price targets reaching up to $117 from JPMorgan and an average consensus price target of $114.75.
• The company reported $2.35 EPS for Q2, exceeding analyst expectations and had a revenue of $659.52 million, marking a 7.5% year-over-year increase.

Invesco Ltd. raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 56.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,601 shares of the real estate investment trust's stock after purchasing an additional 60,713 shares during the quarter. Invesco Ltd. owned 0.28% of Ryman Hospitality Properties worth $15,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ryman Hospitality Properties by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 41,023 shares of the real estate investment trust's stock worth $3,751,000 after acquiring an additional 1,456 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at about $1,596,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock valued at $90,621,000 after buying an additional 11,872 shares in the last quarter. Vanguard Group Inc. grew its position in 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 valued at $813,748,000 after acquiring an additional 603,936 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $279,000. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Wednesday. Bank of America raised their price target 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. started coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective for the company. Finally, Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $115.50.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded up $1.82 during trading hours on Wednesday, hitting $98.83. The company's stock had a trading volume of 236,525 shares, compared to its average volume of 797,109. The company's 50 day simple moving average is $98.46 and its two-hundred day simple moving average is $95.80. 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 company has a market cap of $6.23 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $616.56 million. During the same period in the previous year, the company earned $2.78 earnings per share. The firm's quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 cost of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares of the company's stock, valued at $190,660. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.00% of the company's stock.

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.