Ryman Hospitality Properties, Inc. $RHP Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Ryman Hospitality Properties by 7.5% during the first quarter, owning approximately 619,451 shares valued at $56.6 million.
• The company reported a quarterly earnings per share (EPS) of $2.35, surpassing analysts' estimates and showing a 7.5% year-over-year revenue growth.
• Overall, 94.48% of Ryman Hospitality Properties' stock is currently owned by institutional investors, highlighting strong institutional interest in the REIT.

Ameriprise Financial Inc. increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 619,451 shares of the real estate investment trust's stock after buying an additional 43,018 shares during the quarter. Ameriprise Financial Inc. owned about 1.03% of Ryman Hospitality Properties worth $56,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RHP. Envestnet Asset Management Inc. increased its position in Ryman Hospitality Properties by 12.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust's stock valued at $6,753,000 after acquiring an additional 8,261 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ryman Hospitality Properties by 7.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock worth $545,000 after purchasing an additional 405 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Ryman Hospitality Properties by 53.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock valued at $692,000 after purchasing an additional 2,615 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 44.3% during the first quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock valued at $1,526,000 after purchasing an additional 5,125 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Ryman Hospitality Properties by 751.6% in the first quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock worth $1,558,000 after purchasing an additional 15,039 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $99.29 on Thursday. The company has a market capitalization of $6.26 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a fifty day moving average of $98.47 and a 200-day moving average of $95.82. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on RHP. Bank of America boosted their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $115.50.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the sale, the director owned 2,576 shares of the company's stock, valued at $255,049.76. This trade represents a 33.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the transaction, the chairman owned 870,406 shares of the company's stock, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

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.

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