VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $2.23 Million Investment in Ryman Hospitality Properties, Inc. $RHP

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,363 shares of the real estate investment trust’s stock, valued at approximately $2,232,000.

A number of other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC raised its stake in Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 236 shares during the period. 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 valued at $27,000 after purchasing an additional 113 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Ryman Hospitality Properties by 155.0% during the fourth 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 during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Ryman Hospitality Properties by 240.2% during the 1st 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 period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $28,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $122.38 on Friday. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. 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 one year low of $83.82 and a one year high of $137.46. The stock’s fifty day moving average is $127.10 and its 200-day moving average is $113.89.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.11. The business had revenue of $748.98 million during 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 company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.35 earnings per share. Equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on RHP. Citigroup boosted their price objective on Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Raymond James Financial reissued an “outperform” rating and set a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. 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, Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Buy” and an average price target of $132.33.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.