5,297 Shares in Ryman Hospitality Properties, Inc. $RHP Acquired by Commerce Bank

Commerce Bank bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,297 shares of the real estate investment trust’s stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in shares of Ryman Hospitality Properties by 2.0% in the 1st quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 111 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 valued at $27,000 after buying an additional 113 shares during the period. Norinchukin Bank The boosted its stake in Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 119 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Ryman Hospitality Properties by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock valued at $2,980,000 after buying an additional 124 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in Ryman Hospitality Properties by 3.1% during the fourth quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 132 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Jefferies Financial Group restated a “buy” rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, Barclays increased their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $129.73.

Ryman Hospitality Properties Trading Down 2.2%

Shares of RHP opened at $130.00 on Thursday. The business’s 50-day moving average price is $127.90 and its 200 day moving average price is $112.11. The stock has a market capitalization of $8.21 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.37 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (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 during the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the company earned $2.35 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts expect that Ryman Hospitality Properties, Inc. will post 9.13 earnings per share 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.