Mitsubishi UFJ Asset Management Co. Ltd. Invests $7 Million in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Mitsubishi UFJ Asset Management purchased 54,490 shares of Ryman Hospitality Properties valued at approximately $7 million, giving it a 0.09% stake. Institutional investors and hedge funds collectively own 94.48% of the REIT.
• Ryman reported quarterly EPS of $1.42, exceeding the $1.31 analyst consensus, while revenue rose 13.6% year over year to $748.98 million.
• Analyst sentiment remains positive, with all 12 tracked analysts rating the stock a Buy and an average price target of $129.73; recent targets range as high as $145.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,490 shares of the real estate investment trust's stock, valued at approximately $7,005,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Ryman Hospitality Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock worth $27,000 after buying an additional 236 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 113 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st 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 in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth $28,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

RHP opened at $128.62 on Friday. The company has a 50-day moving average of $127.39 and a 200-day moving average of $111.24. The company has a market capitalization of $8.12 billion, a P/E ratio of 31.45, a PEG ratio of 2.28 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the business posted $2.35 EPS. The company's revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on RHP. Cantor Fitzgerald increased their price target on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Weiss Ratings raised Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Truist Financial increased their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of "Buy" and an average price target of $129.73.

Ryman Hospitality Properties Company Profile

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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