316,750 Shares in Ryman Hospitality Properties, Inc. $RHP Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, Holdings Channel reports. The institutional investor bought 316,750 shares of the real estate investment trust’s stock, valued at approximately $40,721,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RHP. Geneos Wealth Management Inc. grew its position in 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 last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 172 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

RHP has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. Cantor Fitzgerald boosted their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Twelve analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus price target of $131.27.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $129.19 on Friday. The firm has a market cap of $8.15 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The business has a 50 day moving average price of $127.98 and a 200-day moving average price of $112.33.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results 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 net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million for the quarter, compared to analysts’ expectations of $734.59 million. During the same quarter last year, the business earned $2.35 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 9.13 earnings per share for the current year.

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.