Public Employees Retirement System of Ohio Makes New Investment in Ryman Hospitality Properties, Inc. $RHP

Public Employees Retirement System of Ohio purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 70,656 shares of the real estate investment trust’s stock, valued at approximately $9,083,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Ryman Hospitality Properties in the second quarter valued at approximately $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Ryman Hospitality Properties in the 2nd quarter valued at about $60,655,000. Strs Ohio lifted its holdings in shares of Ryman Hospitality Properties by 10.6% in the fourth quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock valued at $11,962,000 after purchasing an additional 12,100 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Ryman Hospitality Properties by 12.1% in the first quarter. Hsbc Holdings PLC now owns 118,050 shares of the real estate investment trust’s stock valued at $10,892,000 after purchasing an additional 12,717 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at approximately $992,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RHP shares. Morgan Stanley raised their price objective on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Raymond James Financial reiterated an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald boosted 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. Finally, Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Buy” and an average target price of $131.27.

Ryman Hospitality Properties Stock Down 2.0%

Shares of NYSE RHP opened at $126.73 on Tuesday. The stock has a market capitalization of $8.00 billion, a PE ratio of 30.99, a P/E/G ratio of 1.98 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The firm has a fifty day moving average of $128.09 and a 200-day moving average of $112.73. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last issued its 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. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The business had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same period last year, the company posted $2.35 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.21 EPS 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.