Kestra Private Wealth Services LLC Acquires New Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Kestra Private Wealth Services LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,185 shares of the real estate investment trust’s stock, valued at approximately $437,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after acquiring an additional 931,283 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ryman Hospitality Properties by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock worth $156,427,000 after purchasing an additional 12,323 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Hamlin Capital Management LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $65,142,000. Finally, Duff & Phelps Investment Management Co. lifted its stake in Ryman Hospitality Properties by 10.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 611,031 shares of the real estate investment trust’s stock worth $65,527,000 after purchasing an additional 58,685 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on RHP. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Truist Financial upped their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $102.27 on Monday. The firm has a market capitalization of $6.13 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.67. The business’s fifty day moving average price is $105.64 and its 200 day moving average price is $106.89. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.