Nicholas Investment Partners LP Purchases New Stake in Ryman Hospitality Properties, Inc. $RHP

Nicholas Investment Partners LP purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 58,970 shares of the real estate investment trust’s stock, valued at approximately $7,581,000.

A number of other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Ryman Hospitality Properties by 44.1% in 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 acquiring an additional 12,169 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 131.0% during the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 7,610 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after purchasing an additional 63,507 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after purchasing an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew 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 worth $27,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $131.13 on Tuesday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The firm’s 50-day simple moving average is $127.56 and its two-hundred day simple moving average is $111.61. The stock has a market cap of $8.28 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $734.59 million. During the same quarter in the previous year, the business earned $2.35 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RHP shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Truist Financial lifted their price objective 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. Barclays raised their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties presently has an average rating of “Buy” and an average target price of $129.73.

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.