Wellington Management Group LLP Invests $24.66 Million in Ryman Hospitality Properties, Inc. $RHP

Wellington Management Group LLP bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 191,817 shares of the real estate investment trust’s stock, valued at approximately $24,658,000. Wellington Management Group LLP owned about 0.30% of Ryman Hospitality Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RHP. International Assets Investment Management LLC lifted its stake in shares of 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 buying an additional 236 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Ryman Hospitality Properties by 61.7% during 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 acquiring an additional 113 shares during the period. Global Retirement Partners LLC increased its stake in 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 valued at $27,000 after acquiring an additional 172 shares during the period. Geneos Wealth Management Inc. raised its holdings in Ryman Hospitality Properties by 240.2% in the 1st 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 in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at approximately $28,000. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RHP. Cantor Fitzgerald boosted their price objective on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Truist Financial raised 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. Raymond James Financial reiterated an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. BMO Capital Markets restated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Finally, Barclays raised their price objective 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. Twelve equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Buy” and a consensus target price of $131.27.

Ryman Hospitality Properties Trading Up 1.0%

Shares of RHP opened at $123.43 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. The stock has a market cap of $7.79 billion, a PE ratio of 30.18, a PEG ratio of 1.89 and a beta of 1.18. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. The stock has a 50 day simple moving average of $127.58 and a 200-day simple moving average of $113.25.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results 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 firm had revenue of $748.98 million for 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 business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 earnings per share. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current fiscal 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.