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

Wellington Management Group LLP bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 191,817 shares of the real estate investment trust’s stock, valued at approximately $24,658,000.

A number of other large investors have also bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares in the last quarter. International Assets Investment Management LLC boosted its stake 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 worth $27,000 after purchasing an additional 236 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $27,000 after purchasing an additional 113 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on RHP. 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 report on Tuesday, May 12th. JPMorgan Chase & Co. raised 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. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $131.27.

Ryman Hospitality Properties Trading Up 1.0%

NYSE RHP opened at $123.43 on Friday. The company has a market capitalization of $7.79 billion, a PE ratio of 30.18, a P/E/G ratio of 1.89 and a beta of 1.18. 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 50-day simple moving average of $127.58 and a 200 day simple moving average of $113.25. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46.

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 (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The business had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. During the same period in the previous year, the firm earned $2.35 EPS. Ryman Hospitality Properties’s quarterly revenue was up 13.6% compared to the same quarter last year. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

Ryman Hospitality Properties 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.