Golden State Equity Partners Purchases Shares of 2,177 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Golden State Equity Partners purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,177 shares of the real estate investment trust’s stock, valued at approximately $227,000.

A number of other institutional investors have also recently made changes to their positions in RHP. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Ryman Hospitality Properties by 643.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,740 shares of the real estate investment trust’s stock valued at $17,293,000 after buying an additional 143,440 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $31,000. KBC Group NV boosted its stake in Ryman Hospitality Properties by 54.1% during the fourth quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 740 shares in the last quarter. Blue Trust Inc. grew its holdings in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 160 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Ryman Hospitality Properties by 46.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,269 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 1,346 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In related news, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RHP shares. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price for the company. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Truist Financial upped their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.50.

Ryman Hospitality Properties Trading Up 0.3 %

Shares of Ryman Hospitality Properties stock opened at $104.03 on Wednesday. The stock has a fifty day simple moving average of $107.98 and a 200 day simple moving average of $106.80. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The company has a market capitalization of $6.23 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.50 and a beta of 1.67. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same quarter last year, the company posted $1.73 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current fiscal year.

Ryman Hospitality Properties Profile

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.