Segall Bryant & Hamill LLC Takes $680,000 Position in Ryman Hospitality Properties, Inc. $RHP

Segall Bryant & Hamill LLC purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,142 shares of the real estate investment trust’s stock, valued at approximately $680,000.

Several other institutional investors have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after purchasing an additional 12,169 shares during the period. AQR Capital Management LLC grew its stake in shares of Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 7,610 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ryman Hospitality Properties by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after acquiring an additional 63,507 shares during the last quarter. Jane Street Group LLC raised its stake in Ryman Hospitality Properties by 306.5% in the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after acquiring an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings 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 purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $127.53 on Thursday. 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 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $8.05 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. The firm’s fifty day moving average price is $125.70 and its 200-day moving average price is $108.83.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald boosted their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Morgan Stanley upped their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Truist Financial boosted their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.10.

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.