6,301 Shares in Ryman Hospitality Properties, Inc. $RHP Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,301 shares of the real estate investment trust’s stock, valued at approximately $810,000.

Several other institutional investors have also added to or reduced their stakes in RHP. BlackRock Inc. bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $1,438,737,000. State Street Corp grew its holdings in shares of Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after purchasing an additional 20,756 shares in the last quarter. Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock worth $150,327,000 after purchasing an additional 11,591 shares during the last quarter. Cooke & Bieler LP increased its position in Ryman Hospitality Properties by 12.8% in the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after purchasing an additional 142,206 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ryman Hospitality Properties by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock valued at $109,381,000 after purchasing an additional 33,120 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.0%

NYSE RHP opened at $129.20 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $137.46. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.98 and a beta of 1.20. The company has a fifty day moving average of $128.06 and a two-hundred day moving average of $112.45.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. The business had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 9.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RHP shares. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Cantor Fitzgerald increased their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. Morgan Stanley boosted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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.