New York State Common Retirement Fund decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,320 shares of the real estate investment trust’s stock after selling 13,563 shares during the period. New York State Common Retirement Fund owned approximately 0.30% of Ryman Hospitality Properties worth $15,430,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 1.4% in the first quarter. Daiwa Securities Group Inc. now owns 16,401 shares of the real estate investment trust’s stock valued at $1,522,000 after buying an additional 221 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Ryman Hospitality Properties by 56.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 678 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 244 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in Ryman Hospitality Properties in the 1st quarter worth about $27,000. Benjamin F. Edwards & Company Inc. raised its holdings in Ryman Hospitality Properties by 1.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 26,309 shares of the real estate investment trust’s stock worth $2,419,000 after buying an additional 336 shares during the period. Finally, abrdn plc lifted its stake in Ryman Hospitality Properties by 3.3% during the first quarter. abrdn plc now owns 11,933 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 376 shares in the last quarter. Institutional investors and hedge funds own 95.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on RHP. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded Ryman Hospitality Properties from a “d+” rating to a “c” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on Ryman Hospitality Properties from $116.00 to $121.00 in a research note on Wednesday. Truist Financial reduced their price target on shares of Ryman Hospitality Properties to $95.00 in a research report on Friday, July 22nd. Finally, Raymond James boosted their price objective on shares of Ryman Hospitality Properties from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.00.
Ryman Hospitality Properties Stock Down 0.3 %
RHP stock opened at $86.19 on Friday. The firm has a market cap of $4.75 billion, a PE ratio of 453.63 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 1 year low of $70.46 and a 1 year high of $101.19. The company has a fifty day simple moving average of $82.46 and a 200 day simple moving average of $87.22. The company has a current ratio of 1.42, a quick ratio of 1.26 and a debt-to-equity ratio of 459.48.
Ryman Hospitality Properties (NYSE:RHP – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $470.20 million during the quarter, compared to analysts’ expectations of $427.99 million. Ryman Hospitality Properties had a negative return on equity of 55.38% and a net margin of 0.77%. The business’s quarterly revenue was up 175.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 6.11 EPS for the current fiscal year.
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 country music entertainment experiences. The Company’s core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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