Invesco Ltd. Has $15.42 Million Stake 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. lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 56.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.28% of Ryman Hospitality Properties worth $15,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RHP. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Fifth Third Bancorp grew its holdings in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares in the last quarter. CWM LLC grew its holdings in shares of Ryman Hospitality Properties by 213.4% during the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 493 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $108,000. Finally, State of Wyoming grew its holdings in shares of Ryman Hospitality Properties by 23.8% during the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded down $0.39 on Thursday, reaching $98.91. The company's stock had a trading volume of 476,844 shares, compared to its average volume of 674,729. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.79 and a beta of 1.62. The business's fifty day moving average price is $98.49 and its 200 day moving average price is $95.79. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The company had revenue of $659.52 million for the quarter, compared to analyst estimates 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 was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

RHP has been the topic of several recent analyst reports. Truist Financial decreased their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company boosted their price target 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 boosted their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. Finally, Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $115.50.

Ryman Hospitality Properties Company 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.