Commerce Bank Takes Position in Ryman Hospitality Properties, Inc. $RHP

Commerce Bank purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,297 shares of the real estate investment trust’s stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHP. BlackRock Inc. acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Ryman Hospitality Properties during the second quarter worth about $60,655,000. Strs Ohio lifted its holdings in Ryman Hospitality Properties by 10.6% in the fourth quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock worth $11,962,000 after acquiring an additional 12,100 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Ryman Hospitality Properties in the first quarter worth about $992,000. Finally, Hsbc Holdings PLC boosted its stake in Ryman Hospitality Properties by 12.1% in the first quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust’s stock valued at $10,892,000 after acquiring an additional 12,717 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Morgan Stanley raised their target price 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. Wells Fargo & Company boosted 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. BMO Capital Markets restated an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Finally, Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Twelve equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $129.73.

Ryman Hospitality Properties Trading Down 2.2%

Shares of RHP stock opened at $130.00 on Thursday. 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, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. The stock has a fifty day moving average of $127.90 and a two-hundred day moving average of $112.11. The firm has a market capitalization of $8.21 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.37 and a beta of 1.20.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 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 company had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same period last year, the company earned $2.35 earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts expect that Ryman Hospitality Properties, Inc. will post 9.13 EPS for the current year.

About Ryman Hospitality Properties

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.