T. Rowe Price Investment Management Inc. Grows Stake 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 shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 20.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 729,242 shares of the real estate investment trust's stock after buying an additional 123,706 shares during the period. T. Rowe Price Investment Management Inc. owned 1.22% of Ryman Hospitality Properties worth $66,682,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 175.6% in the first 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 during the period. CWM LLC lifted its stake in Ryman Hospitality Properties by 213.4% in the first 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 during the period. GF Fund Management CO. LTD. bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $108,000. Finally, State of Wyoming grew its position 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 worth $163,000 after buying an additional 300 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction on Monday, June 9th. The shares were acquired 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 in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties 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 transaction, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on RHP. 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 note on Wednesday. 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 research report on Monday, July 21st. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Wall Street Zen cut shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, 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 report on Friday, May 30th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $115.50.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $1.33 during trading hours on Thursday, reaching $97.97. The company had a trading volume of 106,083 shares, compared to its average volume of 794,902. 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 one year low of $76.27 and a one year high of $121.77. The firm has a market cap of $6.17 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. The business has a fifty day simple moving average of $98.47 and a 200 day simple moving average of $95.82.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $616.56 million. During the same period in the prior year, the company posted $2.78 EPS. The business'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. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

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.