UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 385,625 Shares of Ryman Hospitality Properties, Inc. $RHP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 17,697.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,804 shares of the real estate investment trust’s stock after acquiring an additional 385,625 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ryman Hospitality Properties were worth $49,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC grew its holdings in Ryman Hospitality Properties by 2.0% in the first quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 111 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 valued at $27,000 after purchasing an additional 113 shares during the period. Norinchukin Bank The raised its position in Ryman Hospitality Properties by 4.2% during the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 119 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Ryman Hospitality Properties by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after purchasing an additional 124 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 3.1% during the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.7%

RHP opened at $122.65 on Thursday. The business has a fifty day moving average price of $127.92 and a 200 day moving average price of $113.03. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.89 and a beta of 1.18. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly 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. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. During the same quarter in the previous year, the business posted $2.35 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RHP has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. BMO Capital Markets reissued an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Barclays lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $131.27.

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.