United Services Automobile Association Invests $373,000 in Ryman Hospitality Properties, Inc. $RHP

Key Points

• United Services Automobile Association invested approximately $373,000 in Ryman Hospitality Properties by purchasing 4,068 shares, as reported in a recent 13F filing.
• Analysts have varying opinions on Ryman Hospitality, with Bank of America and Wells Fargo raising their target prices to $110.00 and $114.00, respectively, while Wall Street Zen downgraded the stock from "hold" to "sell."
• Ryman Hospitality Properties reported strong quarterly earnings with $2.35 EPS, exceeding estimates, and a revenue increase of 7.5% compared to the previous year.

United Services Automobile Association purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,068 shares of the real estate investment trust's stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHP. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Fifth Third Bancorp increased its holdings in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. CWM LLC increased its holdings in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at approximately $108,000. Finally, State of Wyoming increased its holdings in Ryman Hospitality Properties by 23.8% in the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Bank of America lifted their target price 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. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $115.50.

Insider Activity

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, with a total value of $190,660.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $100.84 on Friday. The company has a fifty day simple moving average of $98.33 and a two-hundred day simple moving average of $95.63. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.