Vanguard Group Inc. Purchases 603,936 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Vanguard Group Inc. raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,899,258 shares of the real estate investment trust's stock after buying an additional 603,936 shares during the quarter. Vanguard Group Inc. owned 14.83% of Ryman Hospitality Properties worth $813,748,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. acquired a new position in Ryman Hospitality Properties in the first quarter valued at approximately $279,000. New Age Alpha Advisors LLC lifted its stake in Ryman Hospitality Properties by 301.3% in the first quarter. New Age Alpha Advisors LLC now owns 45,255 shares of the real estate investment trust's stock valued at $4,138,000 after buying an additional 33,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Ryman Hospitality Properties in the first quarter valued at approximately $1,536,000. PNC Financial Services Group Inc. lifted its stake in Ryman Hospitality Properties by 55.6% in the first quarter. PNC Financial Services Group Inc. now owns 19,823 shares of the real estate investment trust's stock valued at $1,813,000 after buying an additional 7,085 shares during the period. Finally, US Bancorp DE lifted its stake in Ryman Hospitality Properties by 14.1% in the first quarter. US Bancorp DE now owns 6,661 shares of the real estate investment trust's stock valued at $609,000 after buying an additional 825 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 1.0%

NYSE RHP traded down $0.92 on Friday, reaching $94.42. The company had a trading volume of 583,877 shares, compared to its average volume of 661,979. The stock has a market capitalization of $5.95 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.18 and a beta of 1.62. The company's fifty day moving average is $98.69 and its 200 day moving average is $96.19. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The firm had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 EPS. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Truist Financial lowered their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Evercore ISI lowered their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.75.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the transaction, the director owned 2,576 shares in the company, valued at $255,049.76. This represents a 33.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Eric Bolton, Jr. acquired 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at approximately $190,660. This trade 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 Company 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.