Spouting Rock Asset Management LLC purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 22,493 shares of the real estate investment trust’s stock, valued at approximately $2,068,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in Ryman Hospitality Properties by 24.5% during the first quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 196 shares in the last quarter. Morgan Stanley lifted its position in Ryman Hospitality Properties by 110.0% during the second quarter. Morgan Stanley now owns 117,141 shares of the real estate investment trust’s stock valued at $9,249,000 after purchasing an additional 61,353 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Ryman Hospitality Properties by 5.7% during the third quarter. Commonwealth Equity Services LLC now owns 3,216 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 174 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Ryman Hospitality Properties by 19.1% during the third quarter. PNC Financial Services Group Inc. now owns 5,035 shares of the real estate investment trust’s stock worth $421,000 after buying an additional 806 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in Ryman Hospitality Properties by 17.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,450 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 645 shares during the period. 95.20% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on RHP shares. Sumitomo Mitsui Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Thursday, March 24th. They set a “neutral” rating on the stock. Raymond James boosted their target price on shares of Ryman Hospitality Properties from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 7th. 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, Deutsche Bank Aktiengesellschaft raised their target price on Ryman Hospitality Properties from $114.00 to $116.00 in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $100.67.
Ryman Hospitality Properties (NYSE:RHP – Get Rating) last released its quarterly earnings results 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 return on equity of 1,684.43% and a negative net margin of 8.41%. During the same period in the previous year, the business earned ($0.91) EPS. Research analysts predict that Ryman Hospitality Properties, Inc. will post 5.81 EPS for the current fiscal year.
Ryman Hospitality Properties Profile (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.
- Get a free copy of the StockNews.com research report on Ryman Hospitality Properties (RHP)
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