70,656 Shares in Ryman Hospitality Properties, Inc. $RHP Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,656 shares of the real estate investment trust’s stock, valued at approximately $9,083,000. Public Employees Retirement System of Ohio owned 0.11% of Ryman Hospitality Properties at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC grew its position in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in Ryman Hospitality Properties by 61.7% in the third 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. Finally, Geneos Wealth Management Inc. grew its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 2.0%

NYSE:RHP opened at $126.73 on Tuesday. The company has a market capitalization of $8.00 billion, a PE ratio of 30.99, a P/E/G ratio of 1.98 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46. The stock’s 50 day moving average price is $128.09 and its 200 day moving average price is $112.73. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. The company had revenue of $748.98 million during 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 firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 earnings per share. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RHP. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Raymond James Financial reiterated an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. BMO Capital Markets restated an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Finally, Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Buy” and an average price target of $131.27.

About Ryman Hospitality Properties

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.