Fifth Third Bancorp Has $28,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Fifth Third Bancorp boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 347.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 282 shares of the real estate investment trust’s stock after purchasing an additional 219 shares during the quarter. Fifth Third Bancorp’s holdings in Ryman Hospitality Properties were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Principal Financial Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 11,548.3% in the 4th quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock worth $77,433,000 after purchasing an additional 697,516 shares in the last quarter. Norges Bank bought a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at $57,580,000. Vanguard Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock valued at $979,248,000 after buying an additional 226,547 shares during the last quarter. Heitman Real Estate Securities LLC increased its position in shares of Ryman Hospitality Properties by 46.0% during the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after acquiring an additional 192,962 shares in the last quarter. Finally, South Street Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the 1st quarter worth about $11,574,000. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial decreased their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. raised their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average target price of $118.71.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $102.60 on Wednesday. The company has a market capitalization of $6.14 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.64. The company’s 50-day moving average is $100.33 and its 200 day moving average is $106.79. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.

Insiders Place Their Bets

In other news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total transaction of $157,956.54. Following the completion of the sale, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the sale, the director now directly owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

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.