Legal & General Group Plc bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 405,345 shares of the real estate investment trust's stock, valued at approximately $52,107,000. Legal & General Group Plc owned 0.64% of Ryman Hospitality Properties at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Ryman Hospitality Properties during the second quarter worth $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Ryman Hospitality Properties in the second quarter worth about $60,655,000. Strs Ohio boosted its stake in shares of Ryman Hospitality Properties by 10.6% in the fourth quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust's stock worth $11,962,000 after buying an additional 12,100 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Ryman Hospitality Properties during the first quarter worth about $992,000. Finally, Hsbc Holdings PLC grew its holdings in Ryman Hospitality Properties by 12.1% during the first quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust's stock worth $10,892,000 after acquiring an additional 12,717 shares during the period. 94.48% of the stock is currently owned by institutional investors.
Ryman Hospitality Properties Stock Up 0.0%
Shares of RHP opened at $129.20 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46. The stock's 50 day moving average is $128.06 and its two-hundred day moving average is $112.45. The firm has a market cap of $8.16 billion, a P/E ratio of 31.59, a PEG ratio of 1.98 and a beta of 1.20.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.11. The business had revenue of $748.98 million during the quarter, compared to analysts' expectations of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The business's revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
RHP has been the subject of a number of analyst reports. Weiss Ratings raised Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Cantor Fitzgerald lifted their target price 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. Morgan Stanley increased their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Finally, Jefferies Financial Group restated a "buy" rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Buy" and an average target price of $131.27.
Read Our Latest Stock Report on Ryman Hospitality Properties
Ryman Hospitality Properties Company Profile
(
Free Report)
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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