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

Sanctuary Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, HoldingsChannel reports. The firm acquired 6,301 shares of the real estate investment trust’s stock, valued at approximately $810,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Ryman Hospitality Properties during the second quarter worth approximately $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth $60,655,000. Strs Ohio lifted its stake in Ryman Hospitality Properties by 10.6% in the 4th quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock valued at $11,962,000 after acquiring an additional 12,100 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Ryman Hospitality Properties during the 1st quarter worth about $992,000. Finally, Hsbc Holdings PLC raised its stake in shares of Ryman Hospitality Properties by 12.1% during the 1st quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust’s stock worth $10,892,000 after purchasing an additional 12,717 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on RHP. Truist Financial boosted their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Cantor Fitzgerald lifted their price target on Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Barclays boosted their price target on Ryman Hospitality Properties from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $145.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $131.27.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $129.20 on Friday. 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 fifty-two week low of $83.82 and a fifty-two week high of $137.46. The company has a market cap 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 stock has a fifty day moving average price of $128.06 and a 200-day moving average price of $112.45.

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 analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. Ryman Hospitality Properties’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 earnings per share. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.21 EPS for the current fiscal 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.