Avalon Investment & Advisory Makes New $1.96 Million Investment in Ryman Hospitality Properties Inc (NYSE:RHP)

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Avalon Investment & Advisory acquired a new position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,728 shares of the real estate investment trust’s stock, valued at approximately $1,963,000. Avalon Investment & Advisory owned about 0.10% of Ryman Hospitality Properties as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp grew its stake in shares of Ryman Hospitality Properties by 3.9% during the first quarter. State Street Corp now owns 2,081,157 shares of the real estate investment trust’s stock worth $76,488,000 after buying an additional 78,042 shares during the last quarter. Eminence Capital LP bought a new stake in shares of Ryman Hospitality Properties in the first quarter worth $65,609,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Ryman Hospitality Properties by 209.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,617,199 shares of the real estate investment trust’s stock worth $57,977,000 after purchasing an additional 1,094,498 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Ryman Hospitality Properties by 3.7% in the first quarter. Deutsche Bank AG now owns 1,299,502 shares of the real estate investment trust’s stock worth $46,587,000 after purchasing an additional 46,047 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Ryman Hospitality Properties by 15.9% in the first quarter. Federated Hermes Inc. now owns 1,212,809 shares of the real estate investment trust’s stock worth $43,480,000 after purchasing an additional 166,623 shares during the last quarter. Hedge funds and other institutional investors own 88.22% of the company’s stock.

Several analysts recently weighed in on RHP shares. Wells Fargo & Co reduced their price objective on shares of Ryman Hospitality Properties from $58.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Raymond James dropped their target price on shares of Ryman Hospitality Properties from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a report on Wednesday, August 12th. TheStreet lowered shares of Ryman Hospitality Properties from a “c-” rating to a “d” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank dropped their target price on shares of Ryman Hospitality Properties from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $52.14.

Shares of Ryman Hospitality Properties stock traded up $0.67 on Thursday, reaching $36.12. 6,482 shares of the company traded hands, compared to its average volume of 615,511. Ryman Hospitality Properties Inc has a 52 week low of $13.25 and a 52 week high of $91.57. The company has a 50 day moving average of $33.27 and a 200 day moving average of $42.24. The firm has a market capitalization of $1.93 billion, a PE ratio of -12.86 and a beta of 1.36. The company has a debt-to-equity ratio of 6.82, a current ratio of 1.66 and a quick ratio of 1.66.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported ($3.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.46) by ($1.70). Ryman Hospitality Properties had a negative net margin of 13.26% and a negative return on equity of 32.04%. The company had revenue of $14.70 million for the quarter, compared to the consensus estimate of $22.34 million. During the same period in the prior year, the company earned $2.01 earnings per share. The firm’s revenue was down 96.4% on a year-over-year basis. As a group, analysts anticipate that Ryman Hospitality Properties Inc will post -2.37 earnings per share for the current year.

In other Ryman Hospitality Properties news, CFO Mark Fioravanti purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average cost of $31.90 per share, for a total transaction of $95,700.00. Following the purchase, the chief financial officer now owns 205,768 shares of the company’s stock, valued at approximately $6,563,999.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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