Spouting Rock Asset Management LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,493 shares of the real estate investment trust’s stock, valued at approximately $2,068,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of Ryman Hospitality Properties during the third quarter worth approximately $27,000. Trust Co. of Vermont bought a new stake in Ryman Hospitality Properties during the fourth quarter worth $37,000. Sageworth Trust Co of South Dakota bought a new stake in Ryman Hospitality Properties during the fourth quarter worth about $41,000. FMR LLC grew its stake in shares of Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 196 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 78.4% during the 3rd quarter. Penserra Capital Management LLC now owns 1,550 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 681 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 3rd. StockNews.com cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 7th. Sumitomo Mitsui Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Thursday, March 24th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $100.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, April 6th. Finally, Raymond James increased their price objective on Ryman Hospitality Properties from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $100.67.
Ryman Hospitality Properties (NYSE:RHP – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported ($0.45) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.38). Ryman Hospitality Properties had a negative net margin of 8.41% and a negative return on equity of 1,684.43%. During the same quarter in the prior year, the company posted ($0.91) EPS. Research analysts anticipate that Ryman Hospitality Properties, Inc. will post 5.81 earnings per share for the current year.
About Ryman Hospitality Properties (Get Rating)
Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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