Russell Investments Group Ltd. Acquires 49,250 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Russell Investments Group Ltd. increased its stake in Ryman Hospitality Properties by 14.9%, acquiring an additional 49,250 shares during the first quarter, bringing its total holdings to approximately $34.78 million.
• Ryman Hospitality Properties reported a quarterly earnings per share of $2.35, exceeding analysts' expectations, while its revenue reached $659.52 million, up 7.5% year-over-year.
• Recent analyst ratings for Ryman Hospitality have mixed sentiments, with one "sell," several "buy" ratings, and an average price target of $114.75, indicating a mostly positive outlook despite conflicting views.

Russell Investments Group Ltd. raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380,381 shares of the real estate investment trust's stock after acquiring an additional 49,250 shares during the quarter. Russell Investments Group Ltd. owned about 0.63% of Ryman Hospitality Properties worth $34,782,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Colin V. Reed bought 8,356 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of $96.92 per share, with a total value of $809,863.52. Following the acquisition, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Trading Down 0.1%

Shares of NYSE RHP traded down $0.10 during midday trading on Monday, reaching $94.50. 187,948 shares of the stock were exchanged, compared to its average volume of 806,914. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.18 and a beta of 1.62. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The business has a 50-day simple moving average of $98.69 and a two-hundred day simple moving average of $96.12.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 earnings per share. As a group, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on RHP shares. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Evercore ISI lowered their price objective 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. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective on the stock. Finally, Bank of America raised their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.75.

Ryman Hospitality Properties Profile

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.