The Manufacturers Life Insurance Company Takes $4.19 Million Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• The Manufacturers Life Insurance Company acquired 32,609 shares of Ryman Hospitality Properties worth approximately $4.19 million, giving it a 0.05% stake. Institutional investors collectively own 94.48% of the REIT.
• Ryman reported quarterly EPS of $1.42, beating estimates by $0.11, while revenue rose 13.6% year over year to $748.98 million.
• Analysts maintain a broadly bullish outlook, with a consensus “Buy” rating and an average price target of $131.27, compared with the stock’s reported price of $123.18.

The Manufacturers Life Insurance Company acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,609 shares of the real estate investment trust's stock, valued at approximately $4,192,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Ryman Hospitality Properties as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Ryman Hospitality Properties by 44.1% during the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust's stock valued at $3,634,000 after buying an additional 12,169 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust's stock worth $1,227,000 after acquiring an additional 7,610 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust's stock valued at $71,778,000 after acquiring an additional 63,507 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust's stock valued at $3,307,000 after acquiring an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 209 shares during the period. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $123.18 on Wednesday. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 1.94 and a beta of 1.18. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The stock's fifty day simple moving average is $128.07 and its 200-day simple moving average is $112.87.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same period in the prior year, the business earned $2.35 EPS. The business's revenue for the quarter was up 13.6% on a year-over-year basis. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial upped their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Raymond James Financial reissued an "outperform" rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Weiss Ratings upgraded Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $131.27.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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