T. Rowe Price Investment Management Inc. Grows Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Ryman Hospitality Properties by 20.4%, owning approximately $66.68 million in shares by the end of the first quarter.
• Ryman Hospitality Properties recently reported earnings per share of $2.35 for the last quarter, exceeding analyst expectations, along with revenue growth of 7.5% year-over-year.
• Research analysts have set varying price targets for Ryman Hospitality Properties, with an average target price of $114.75 and a general rating of "Buy" from multiple analysts.

T. Rowe Price Investment Management Inc. increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 20.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 729,242 shares of the real estate investment trust's stock after purchasing an additional 123,706 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.22% of Ryman Hospitality Properties worth $66,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RHP. Mariner LLC lifted its stake in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Mariner LLC now owns 14,483 shares of the real estate investment trust's stock valued at $1,511,000 after purchasing an additional 313 shares during the period. First Trust Advisors LP increased its position in Ryman Hospitality Properties by 166.9% during the 4th quarter. First Trust Advisors LP now owns 59,377 shares of the real estate investment trust's stock valued at $6,195,000 after buying an additional 37,130 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ryman Hospitality Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 834,179 shares of the real estate investment trust's stock valued at $87,042,000 after buying an additional 12,506 shares in the last quarter. MetLife Investment Management LLC increased its position in Ryman Hospitality Properties by 5.6% during the 4th quarter. MetLife Investment Management LLC now owns 36,964 shares of the real estate investment trust's stock valued at $3,857,000 after buying an additional 1,969 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in Ryman Hospitality Properties by 19.8% during the 4th quarter. Hsbc Holdings PLC now owns 68,821 shares of the real estate investment trust's stock valued at $7,187,000 after buying an additional 11,381 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RHP. Truist Financial reduced their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Wednesday. Bank of America lifted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Finally, Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of "Buy" and a consensus price target of $115.50.

Ryman Hospitality Properties Stock Performance

Shares of RHP traded up $2.28 during trading hours on Wednesday, hitting $99.29. The stock had a trading volume of 302,647 shares, compared to its average volume of 797,362. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The firm has a market capitalization of $6.26 billion, a PE ratio of 23.69, a PEG ratio of 1.74 and a beta of 1.62. The stock has a fifty day moving average price of $98.46 and a 200 day moving average price of $95.80.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data 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. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. During the same quarter in the previous year, the company posted $2.78 earnings per share. Ryman Hospitality Properties's revenue 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. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the transaction, the director directly owned 2,576 shares in the company, valued at approximately $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Eric Bolton, Jr. bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company's stock, valued at $190,660. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

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.