Penn Capital Management Company LLC Has $21.68 Million Stock Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Penn Capital Management increased its Ryman Hospitality Properties stake by 15.2% in the second quarter, owning 168,295 shares worth approximately $21.68 million, or 0.27% of the REIT.
• Institutional ownership remains very high at 94.48%, with BlackRock, Bank of New York Mellon, Bruni J V & Co., Norges Bank and Invesco among investors establishing or expanding positions.
• Analysts maintain a bullish outlook: all 12 covering analysts rate Ryman a Buy, with a consensus price target of $131.27. The company also beat quarterly earnings and revenue expectations, reporting $1.42 EPS and $748.98 million in revenue.

Penn Capital Management Company LLC grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,295 shares of the real estate investment trust's stock after purchasing an additional 22,182 shares during the quarter. Ryman Hospitality Properties comprises about 1.4% of Penn Capital Management Company LLC's investment portfolio, making the stock its 20th biggest position. Penn Capital Management Company LLC owned approximately 0.27% of Ryman Hospitality Properties worth $21,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in Ryman Hospitality Properties in the second quarter worth $1,438,737,000. Bank of New York Mellon Corp bought a new position in Ryman Hospitality Properties during the second quarter valued at about $78,347,000. Bruni J V & Co. Co. acquired a new stake in shares of Ryman Hospitality Properties in the second quarter worth about $65,555,872. Norges Bank acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $48,036,000. Finally, Invesco Ltd. boosted its stake in shares of Ryman Hospitality Properties by 184.9% during the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust's stock worth $66,261,000 after acquiring an additional 479,990 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. BMO Capital Markets reiterated an "outperform" rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Morgan Stanley lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $131.27.

Ryman Hospitality Properties Trading Up 0.0%

Shares of NYSE:RHP opened at $129.20 on Friday. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock's 50-day moving average is $128.06 and its 200-day moving average is $112.45. The company has a market cap of $8.16 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.98 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46.

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 earnings per share for the quarter, topping the consensus estimate 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 firm's revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 EPS. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current year.

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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