Ryman Hospitality Properties, Inc. $RHP Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Ryman Hospitality Properties, Inc. by 24.6%, owning a total of 34,661 shares valued at approximately $3.17 million by the end of the last quarter.
• Ryman Hospitality Properties reported $2.35 EPS for the quarter, exceeding expectations, with a revenue of $659.52 million, marking a 7.5% year-over-year growth.
• Ryman Hospitality Properties holds a consensus "Buy" rating from analysts with a price target averaging $115.50, despite some analysts issuing lower ratings recently.

Intech Investment Management LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,661 shares of the real estate investment trust's stock after purchasing an additional 6,842 shares during the period. Intech Investment Management LLC owned about 0.06% of Ryman Hospitality Properties worth $3,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock valued at $485,000 after purchasing an additional 98 shares during the period. Norinchukin Bank The grew its position in Ryman Hospitality Properties by 4.5% during the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust's stock valued at $253,000 after buying an additional 120 shares during the period. Cetera Investment Advisers increased its holdings in Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after buying an additional 125 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after acquiring an additional 130 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of Ryman Hospitality Properties by 6.5% during the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of analyst reports. Wall Street Zen cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial reduced their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective for the company. Finally, Bank of America lifted 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 report on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $115.50.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $100.13 on Friday. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.81 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. 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 company's 50-day moving average is $98.27 and its two-hundred day moving average is $95.64.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results 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. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The business had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. During the same period in the previous year, the firm earned $2.78 EPS. The business's revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, with a total value of $190,660.00. Following the transaction, the director owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.00% of the company's stock.

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.

Want to see what other hedge funds are holding RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.