Diamond Hill Capital Management LLC Investment Advisor Buys Shares of 471,843 Ryman Hospitality Properties, Inc. $RHP

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 471,843 shares of the real estate investment trust’s stock, valued at approximately $60,655,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after purchasing an additional 20,756 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after buying an additional 11,591 shares during the last quarter. Cooke & Bieler LP increased its position in Ryman Hospitality Properties by 12.8% during the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after buying an additional 142,206 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Ryman Hospitality Properties by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock worth $109,381,000 after buying an additional 33,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ryman Hospitality Properties by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock worth $84,251,000 after acquiring an additional 18,614 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the topic of several recent research reports. Barclays upped their price objective on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Truist Financial lifted their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Monday, August 3rd. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $129.73.

Ryman Hospitality Properties Stock Down 0.1%

RHP opened at $125.34 on Monday. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 2.23 and a beta of 1.20. The business has a 50-day moving average of $126.71 and a two-hundred day moving average of $110.20. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last announced 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. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same period in the prior year, the firm posted $2.35 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 9.14 earnings per share for the current year.

Ryman Hospitality Properties Company Profile

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.