VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.23 Million Position in Ryman Hospitality Properties, Inc. $RHP

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, Holdings Channel reports. The firm acquired 17,363 shares of the real estate investment trust’s stock, valued at approximately $2,232,000.

Other institutional investors have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in Ryman Hospitality Properties by 12,734.8% during the second quarter. California State Teachers Retirement System now owns 8,906,073 shares of the real estate investment trust’s stock valued at $1,144,876,000 after buying an additional 8,836,683 shares in the last quarter. Nykredit A S bought a new stake in Ryman Hospitality Properties in the second quarter worth about $445,000. Alyeska Investment Group L.P. acquired a new stake in Ryman Hospitality Properties in the 2nd quarter valued at about $647,000. Penn Capital Management Company LLC lifted its holdings in Ryman Hospitality Properties by 15.2% in the 2nd quarter. Penn Capital Management Company LLC now owns 168,295 shares of the real estate investment trust’s stock valued at $21,675,000 after acquiring an additional 22,182 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ryman Hospitality Properties by 17,697.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 387,804 shares of the real estate investment trust’s stock valued at $49,852,000 after purchasing an additional 385,625 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

RHP has been the topic of several recent research reports. Weiss Ratings raised shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Barclays raised their target price on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Citigroup lifted their price target on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $132.33.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $122.38 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. The company has a market cap of $7.72 billion, a PE ratio of 29.92, a PEG ratio of 1.87 and a beta of 1.18. The stock’s 50-day moving average price is $127.10 and its two-hundred day moving average price is $113.89.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate 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 net margin of 9.91% and a return on equity of 34.54%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the company posted $2.35 earnings per share. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.