Strs Ohio Takes $8.21 Million Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Strs Ohio has acquired a new stake in Ryman Hospitality Properties, investing approximately $8.21 million for 89,824 shares which represents 0.15% of the company.
• Multiple institutional investors have increased their positions in Ryman, with Amalgamated Bank's stake rising by 751.6%, indicating strong institutional interest in the stock.
• Equities analysts currently rate Ryman with an average Buy rating and a consensus target price of $115.50, reflecting positive sentiment around the company's performance.

Strs Ohio acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 89,824 shares of the real estate investment trust's stock, valued at approximately $8,214,000. Strs Ohio owned 0.15% of Ryman Hospitality Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings 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 last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Ryman Hospitality Properties by 7.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock valued at $545,000 after acquiring an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Ryman Hospitality Properties by 53.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock valued at $692,000 after acquiring an additional 2,615 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Ryman Hospitality Properties by 44.3% in the 1st 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 acquiring an additional 5,125 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Ryman Hospitality Properties by 751.6% in the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock valued at $1,558,000 after acquiring an additional 15,039 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RHP shares. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. Bank of America lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. 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. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, Truist Financial dropped their price objective on shares of 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. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties currently has an average rating of "Buy" and a consensus target price of $115.50.

Ryman Hospitality Properties Price Performance

RHP stock opened at $100.13 on Friday. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a 50-day moving average price of $98.27 and a 200 day moving average price of $95.64. The stock has a market cap of $6.31 billion, a PE ratio of 23.90, a P/E/G ratio of 1.81 and a beta of 1.58.

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 EPS for the quarter, topping 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 firm had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same period in the previous year, the company earned $2.78 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Insider Activity at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. purchased 2,000 shares of the company's 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.

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