UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 385,625 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• UBS Asset Management sharply increased its Ryman Hospitality Properties stake by purchasing 385,625 shares in the second quarter, bringing its holdings to 387,804 shares worth approximately $49.9 million, or 0.61% of the REIT.
• Institutional ownership remains high at 94.48%, with BlackRock, Bank of New York Mellon, Bruni J V & Co., and Norges Bank among investors establishing new positions.
• Ryman beat quarterly earnings and revenue expectations, reporting $1.42 in EPS and $748.98 million in revenue, while analysts maintain a consensus “Buy” rating and a $131.27 target price.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 17,697.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 387,804 shares of the real estate investment trust's stock after purchasing an additional 385,625 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.61% of Ryman Hospitality Properties worth $49,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at about $1,438,737,000. Bank of New York Mellon Corp bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter valued at $78,347,000. Bruni J V & Co. Co. bought a new stake in Ryman Hospitality Properties during the second quarter worth about $65,555,872. Norges Bank purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $48,036,000. Finally, Invesco Ltd. grew its stake in shares of Ryman Hospitality Properties by 184.9% in the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust's stock worth $66,261,000 after acquiring an additional 479,990 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $122.65 on Thursday. 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 firm has a market capitalization of $7.74 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.89 and a beta of 1.18. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $137.46. The firm has a 50-day moving average price of $127.92 and a 200-day moving average price of $113.03.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to analysts' expectations of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The company's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RHP shares. Raymond James Financial reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Barclays upped their price objective on Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $131.27.

Ryman Hospitality Properties 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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