United Services Automobile Association Makes New Investment 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 bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,068 shares of the real estate investment trust's stock, valued at approximately $373,000.

A number of other institutional investors have also added to or reduced their stakes in RHP. Nuveen LLC bought a new position in Ryman Hospitality Properties in the 1st quarter worth about $67,901,000. Vanguard Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock worth $813,748,000 after purchasing an additional 603,936 shares in the last quarter. Hamlin Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 42.2% in the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust's stock worth $81,195,000 after purchasing an additional 263,630 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 6.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock worth $316,576,000 after purchasing an additional 207,419 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in shares of Ryman Hospitality Properties in the 1st quarter worth about $17,373,000. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RHP has been the subject of a number of research reports. Truist Financial cut their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wall Street Zen cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. 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 price objective for the company. Bank of America boosted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. 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 price target of $115.50.

Ryman Hospitality Properties Trading Down 0.3%

RHP traded down $0.34 during midday trading on Wednesday, reaching $98.56. 121,248 shares of the company's stock traded hands, compared to its average volume of 778,833. The firm has a fifty day moving average of $98.16 and a two-hundred day moving average of $95.66. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.79 and a beta of 1.58. 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 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.Ryman Hospitality Properties's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $190,660. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by insiders.

About Ryman Hospitality Properties

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.