Caldwell Investment Management Ltd. Invests $912,000 in Ryman Hospitality Properties, Inc. $RHP

Caldwell Investment Management Ltd. acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,100 shares of the real estate investment trust’s stock, valued at approximately $912,000. Ryman Hospitality Properties accounts for approximately 0.6% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth about $1,438,737,000. Bank of New York Mellon Corp bought a new stake in shares of Ryman Hospitality Properties during the second quarter valued at about $78,347,000. Bruni J V & Co. Co. bought a new stake in shares of Ryman Hospitality Properties during the second quarter valued at about $65,555,872,000. Norges Bank purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $48,036,000. Finally, Invesco Ltd. lifted its holdings in shares of Ryman Hospitality Properties by 184.9% in the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after buying an additional 479,990 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Raymond James Financial reissued an “outperform” rating and set a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. BMO Capital Markets restated an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley lifted their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Twelve equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus price target of $129.73.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $128.62 on Friday. The company has a market capitalization of $8.12 billion, a P/E ratio of 31.45, a PEG ratio of 2.28 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average price of $127.39 and a two-hundred day moving average price of $111.24.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. The company had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. Ryman Hospitality Properties’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 earnings per share. Analysts expect that Ryman Hospitality Properties, Inc. will post 9.18 earnings per share 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.