Principal Financial Group Inc. grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,254,693 shares of the real estate investment trust's stock after purchasing an additional 101,333 shares during the period. Principal Financial Group Inc. owned about 5.43% of Ryman Hospitality Properties worth $339,596,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Quarry LP purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter worth about $31,000. Avior Wealth Management LLC lifted its stake in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 218 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 443 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.
Ryman Hospitality Properties Stock Performance
Shares of RHP stock traded up $0.09 during mid-day trading on Thursday, reaching $103.59. The stock had a trading volume of 770,486 shares, compared to its average volume of 436,645. The firm's 50 day simple moving average is $104.55 and its 200 day simple moving average is $106.87. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91. The firm has a market cap of $6.21 billion, a PE ratio of 18.40, a P/E/G ratio of 2.73 and a beta of 1.67.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. On average, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.48 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company lowered their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Truist Financial increased their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average target price of $126.17.
Read Our Latest Stock Analysis on RHP
Ryman Hospitality Properties Company Profile
(
Free Report)
Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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