Goldman Sachs Asset Management LP has recently announced that it has increased stake in Ryman Hospitality Properties Inc. (NYSE:RHP) by 13.40%. After grabbing 1.52 million shares, the institutional investor is now in possession of 0.18 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 2.76% having worth around $139.56 million. Moreover, JPMorgan Investment Management, I increased its share by 0.25 million to have a control over 1.27 million shares. And FIAM LLC raised its holdings to 15427.0 shares by acquiring 1.09 million shares or 1.98% of the stake.
Ryman Hospitality Properties Inc. (RHP) concluded trading on 01/11/23 at a closing price of $85.72, with 0.39 million shares of worth about $33.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.27% during that period and on Wednesday the price saw a gain of about 4.43%. Currently the company’s common shares owned by public are about 55.16M shares, out of which, 53.40M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the RHP stock and their offered price forecasts bring an average price target of $100.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $120.00 and could fall to a lowest price of $84.00. The stock’s current price level is 14.92% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.05% for the stock. However, touching the estimated high of $120.00 would mean a gain of 28.57% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 61 times over the past 12 months. They bought 88,385 shares in 34 of the transactions. In 27 selling transactions, insiders dumped 34,828 shares.
Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Ryman Hospitality Properties Inc. Vanguard Real Estate Index Fund is currently holding 2.37 million shares of worth totaling $216.49 million. The company recently came selling 9526.0 shares which brought its stake up to 4.29% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 2028.0 shares, after which its hold over company’s outstanding shares expand to 2.85%, leaving 1.57 million shares with the mutual fund that have a worth of about $144.01 million. Vanguard Small Cap Index Fund, after buying 1.35 million shares, have now control over 2.45% of the stake in the company. It holds 1812.0 shares of worth $123.91 million.
Ryman Hospitality Properties Inc. (NYSE: RHP) started trading at $82.73, above $0.65 from concluding price of the previous day. However, the stock later moved at a day high price of 85.81, or with a gain of 4.43%. Stock saw a price change of 5.93% in past 5 days and over the past one month there was a price change of -3.57%. Year-to-date (YTD), RHP shares are showing a performance of 4.82% which decreased to -5.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $70.46 but also hit the highest price of $101.19 during that period. The average intraday trading volume for Ryman Hospitality Properties Inc. shares is 327.23K. The stock is currently trading 2.94% above its 20-day simple moving average (SMA20), while that difference is down -0.78% for SMA50 and it goes to -0.08% lower than SMA200.
Goldman Sachs Asset Management LP acquired 1.52 million shares of Ryman Hospitality Properties Inc. having value of about $139.56 million. Data submitted at the U.S SEC by Goldman Sachs Asset Management LP revealed that the firm now holds 0.18 million shares in the company valued at close to $15442543.72, or have control over 13.40% stake in the company. Ryman Hospitality Properties Inc. (NYSE: RHP) currently have 55.16M outstanding shares and institutions hold larger chunk of about 96.20% of that. Holding of mutual funds in the company is about 35.72% while other institutional holders and individual stake holders have control over 59.58% and 3.92% of the stake respectively.
The stock has a current market capitalization of $4.65B and its 3Y-monthly beta is at 1.59. PE ratio of stock for trailing 12 months is 77.43, while it has posted earnings per share of $1.11 in the same period. Its PEG reads 4.99 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RHP, volatility over the week remained 2.48% while standing at 2.91% over the month.
Analysts are in expectations that Ryman Hospitality Properties Inc. (RHP) stock would likely to be making an EPS of $0.73 in the current quarter, while forecast for next quarter EPS is $0.7 and it is $3.61 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $0.83 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 57.70% while it is estimated to increase by 71.19% in next year. EPS is likely to grow at an annualized rate of 15.51% for next 5-years, compared to annual growth of -24.90% made by the stock over the past 5-years.
Analysts at 8 brokerage firms have issued recommendations for the Ryman Hospitality Properties Inc. (RHP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 8 Wall Street analysts, 5 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on September 07, 2022 offering a Buy rating for the stock and assigned a target price range of between $95 and $103 to it. On December 14, 2021, Citigroup Upgrade their recommendations, while on December 03, 2021, Truist Upgrade their ratings for the stock with a price target of $75. Stock get an Outperform rating from Raymond James on July 12, 2021.