Raymond James Financial Inc. Purchases 100,223 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Raymond James Financial Inc. increased its stake in Ryman Hospitality Properties by 43.6%, acquiring an additional 100,223 shares, bringing its total ownership to 330,196 shares worth approximately $30.2 million.
• Ryman Hospitality Properties reported an earnings per share (EPS) of $2.35 for the last quarter, exceeding analysts' expectations, alongside revenue of $659.52 million which also surpassed forecasts.
• Wall Street analysts have a consensus rating of "Buy" for Ryman Hospitality Properties, with an average price target of $114.75 per share, indicating positive sentiment toward the stock's future performance.

Raymond James Financial Inc. boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 43.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 330,196 shares of the real estate investment trust's stock after purchasing an additional 100,223 shares during the period. Raymond James Financial Inc. owned about 0.55% of Ryman Hospitality Properties worth $30,193,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter worth about $31,000. Fifth Third Bancorp boosted its stake in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 367 shares during the last quarter. CWM LLC boosted its stake in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 493 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $108,000. Finally, State of Wyoming boosted its stake in Ryman Hospitality Properties by 23.8% in the fourth quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after acquiring an additional 300 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction that occurred 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 sale, the director directly owned 2,576 shares in the company, valued at $255,049.76. This represents a 33.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director H Eric Bolton, Jr. bought 2,000 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares in the company, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $98.9080 on Monday. The stock has a market capitalization of $6.23 billion, a P/E ratio of 23.61, a PEG ratio of 1.78 and a beta of 1.62. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm's 50 day moving average is $98.46 and its 200 day moving average is $95.84. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The company had revenue of $659.52 million for the quarter, compared to analysts' expectations of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. Ryman Hospitality Properties's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RHP shares. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wall Street Zen cut shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Bank of America boosted their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $114.75.

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.

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