Caldwell Investment Management Ltd. Buys New Shares in Ryman Hospitality Properties, Inc. $RHP

Caldwell Investment Management Ltd. purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, HoldingsChannel reports. The fund purchased 7,100 shares of the real estate investment trust’s stock, valued at approximately $912,000. Ryman Hospitality Properties accounts for approximately 0.6% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 21st biggest holding.

Several other hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC raised its position in shares of 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 buying an additional 172 shares in the last quarter. International Assets Investment Management LLC lifted 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 during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.0%

Shares of NYSE RHP opened at $128.62 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46. The company’s 50-day simple moving average is $127.39 and its 200-day simple moving average is $111.24. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.28 and a beta of 1.20.

Ryman Hospitality Properties (NYSE:RHP) last issued its 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. The business had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.35 earnings per share. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a $145.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price target 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target 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.