SSgA Funds Management, Inc. recently announced the acquisition of new stake in Ryman Hospitality Properties Inc. (NYSE:RHP). The institutional investor has increased its shareholding in the Real Estate company by 3.90% to 2.08 million shares with purchase of 78042.0 shares. This fresh investment now brings its stake to 3.79% valued currently at $71.13 million. In addition, Eminence Capital LP raised its holdings by 1.83 million to 1.83 million shares. And Fuller & Thaler Asset Management,… has lifted its position by 209.39% or 1.09 million shares – to 1.62 million shares.
With over 0.52 million Ryman Hospitality Properties Inc. (RHP) shares trading Thursday and a closing price of $33.55 on the day, the dollar volume was approximately $17.29 million. The shares have shown a negative weekly performance of -2.39% and its price on 07/02/20 gained nearly 1.18%. Currently, there are 54.91M common shares owned by the public and among those 53.17M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for RHP have a consensus price objective of $38.14. The analysts have set the share’s price value over the next 12 months at a high of $48.00 and a low of $27.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Ryman Hospitality Properties Inc. stock is 2.40 for the next 12 months. The average price target is 21.98% above its last price level and an upside to the estimated low will see the stock lose -24.26% over that period. But an upside of 30.1% will see the stock hit the forecast high price target while mean target price for the stock is $40.00.
Insiders at the company have transacted a total of 76 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 200,462 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 52,733 shares.
The top 3 mutual fund holders in Ryman Hospitality Properties Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Undiscovered Managers Behavioral. Vanguard Real Estate Index Fund owns 2.32 million shares of the company’s stock, all valued at over $79.3 million. The company bought an additional 87863.0 shares recently to bring their total holdings to about 4.22% of the shares outstanding. Vanguard Total Stock Market Index sold 13452.0 shares to see its total holdings shrink to 1.41 million shares valued at over $48.14 million and representing 2.56% of the shares outstanding. Undiscovered Managers Behavioral bought 96000.0 shares to bring its total holdings to over 1.39 million shares at a value of $47.39 million. Undiscovered Managers Behavioral now owns shares totaling to 2.52% of the shares outstanding.
Shares of Ryman Hospitality Properties Inc. (NYSE: RHP) opened at $34.50, up $1.34 from a prior closing price of $33.16. However, the script later closed the day at $33.55, up 1.18%. The company’s stock has a 5-day price change of -2.39% and 5.04% over the past three months. RHP shares are trading -61.29% year to date (YTD), with the 12-month market performance down to -58.70% lower. It has a 12-month low price of $13.25 and touched a high of $91.57 over the same period. Currently, 0.52 million shares have been traded, compared to an average intraday trading volume of 1.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.17%, -0.69%, and -47.29% respectively.
Institutional ownership of Ryman Hospitality Properties Inc. (NYSE: RHP) shares accounts for 91.60% of the company’s 54.91M shares outstanding. Mutual fund holders own 40.45%, while other institutional holders and individual stakeholders account for 48.73% and 3.94% respectively.
It has a market capitalization of $1.82B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 24.21, while the earnings-per-share (ttm) stands at $1.39. The company has a PEG of 1.56 and a debt-to-equity ratio of0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.09% over the week and 9.01% over the month.
Analysts forecast that Ryman Hospitality Properties Inc. (RHP) will achieve an EPS of -$2.03 for the current quarter, -$1.6 for the next quarter and -$1.55 for 2021. The lowest estimate earnings-per-share for the quarter is -$2.73 while analysts give the company a high EPS estimate of -$1.66. Comparatively, EPS for the current quarter was $0.95 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.40%, and 73.50% over the next financial year. EPS should grow at an annualized rate of 15.51% over the next five years, compared to 5.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Ryman Hospitality Properties Inc. (RHP) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the RHP, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on April 07, 2020, with the firm’s price target at $92-$35. JP Morgan coverage for the Ryman Hospitality Properties Inc. (RHP) stock in a research note released on July 09, 2019 offered a Underweight rating with a price target of $77. Raymond James was of a view on January 08, 2019 that the stock is Outperform, while Citigroup gave the stock Buy rating on April 06, 2018 . BofA/Merrill on their part issued Buy rating on January 08, 2018.