Westport Asset Management Inc. Purchases New Position in Ryman Hospitality Properties, Inc. $RHP

Westport Asset Management Inc. bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the real estate investment trust’s stock, valued at approximately $3,214,000. Ryman Hospitality Properties accounts for approximately 1.3% of Westport Asset Management Inc.’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Ryman Hospitality Properties by 437.0% in the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 113 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Ryman Hospitality Properties by 155.0% in the 4th 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. boosted its holdings 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 valued at $27,000 after acquiring an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 1.8%

Shares of RHP stock opened at $128.38 on Thursday. The firm has a market cap of $8.10 billion, a P/E ratio of 31.39, a PEG ratio of 2.23 and a beta of 1.20. The company has a 50 day moving average of $127.12 and a 200-day moving average of $110.88. 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 12-month low of $83.82 and a 12-month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results 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 company had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.35 EPS. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target 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. Weiss Ratings upgraded Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research report on Monday, June 8th. Finally, Barclays lifted their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.