Northern Trust Corp Increases Holdings in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Northern Trust Corp increased its stake in Ryman Hospitality Properties by 7.1%, owning over 835,000 shares valued at approximately $76.4 million.
• Ryman Hospitality Properties recently reported quarterly earnings of $2.35 per share, surpassing analysts' expectations, alongside a revenue of $659.52 million.
• Analysts have varying outlooks on the stock, with price targets set between $108.00 and $117.00, while eight analysts currently rate it as a "Buy."

Northern Trust Corp grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 835,883 shares of the real estate investment trust's stock after acquiring an additional 55,622 shares during the period. Northern Trust Corp owned about 1.39% of Ryman Hospitality Properties worth $76,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $31,000. Fifth Third Bancorp lifted its stake in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 367 shares in the last quarter. CWM LLC lifted its stake 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 valued at $66,000 after buying an additional 493 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $108,000. Finally, State of Wyoming lifted its stake in shares of Ryman Hospitality Properties by 23.8% during the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 300 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

RHP stock traded down $0.20 during mid-day trading on Friday, hitting $98.73. The company had a trading volume of 331,048 shares, compared to its average volume of 675,691. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.78 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month 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. The company has a 50-day moving average price of $98.49 and a 200 day moving average price of $95.71.

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, topping the consensus estimate of $2.31 by $0.04. The business 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%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

RHP has been the topic of a number of analyst reports. 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. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $115.50.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director directly owned 2,576 shares in the company, valued at approximately $255,049.76. This represents a 33.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Colin V. Reed bought 8,356 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman directly 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. Corporate insiders own 5.00% of the company's stock.

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.