Magnetar Financial LLC Makes New $6.28 Million Investment in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Magnetar Financial LLC acquired a new stake in Ryman Hospitality Properties, purchasing 68,719 shares valued at approximately $6,284,000 during the first quarter.
• Ryman Hospitality Properties received several positive updates from analysts, with firms like Wells Fargo and JPMorgan issuing "overweight" ratings and increasing target prices.
• In its latest earnings report, Ryman posted a net margin of 10.74% and beat earnings expectations, reporting $2.35 EPS compared to the consensus of $2.31.

Magnetar Financial LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 68,719 shares of the real estate investment trust's stock, valued at approximately $6,284,000. Magnetar Financial LLC owned 0.11% of Ryman Hospitality Properties at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ryman Hospitality Properties by 7.3% in the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock worth $813,748,000 after buying an additional 603,936 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 6.4% during the first quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock valued at $316,576,000 after purchasing an additional 207,419 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 1.2% during the first 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 purchasing an additional 11,872 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Ryman Hospitality Properties by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock valued at $97,737,000 after purchasing an additional 5,807 shares during the period. Finally, Cooke & Bieler LP increased its holdings in shares of Ryman Hospitality Properties by 25.9% during the first quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock valued at $82,559,000 after purchasing an additional 185,880 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director directly owned 2,000 shares of the company's stock, valued at $190,660. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Colin V. Reed purchased 8,356 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average price of $96.92 per share, with a total value of $809,863.52. Following the transaction, the chairman directly owned 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America raised their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial decreased their target price 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. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Finally, Wells Fargo & Company raised 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, August 27th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $115.50.

Ryman Hospitality Properties Trading Down 0.2%

Shares of NYSE:RHP traded down $0.20 during midday trading on Monday, reaching $98.73. The company had a trading volume of 331,048 shares, compared to its average volume of 659,454. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.58. The company has a fifty day simple moving average of $98.44 and a two-hundred day simple moving average of $95.64.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. During the same quarter last year, the company posted $2.78 EPS. Ryman Hospitality Properties's revenue for the quarter 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. Research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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.