Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 24,331 shares of the real estate investment trust’s stock after buying an additional 1,217 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryman Hospitality Properties were worth $2,430,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $27,000. Parallel Advisors LLC raised its position in Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 262 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at approximately $35,000. Finally, Signaturefd LLC increased its stake in shares of Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $103.96 on Friday. The business’s 50-day moving average price is $100.59 and its 200 day moving average price is $106.64. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a market capitalization of $6.23 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.08 and a beta of 1.64.

Insider Activity

In related news, Director William E. Haslam bought 9,972 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the completion of the transaction, the director now owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Colin V. Reed purchased 8,077 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Haslam acquired 9,972 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the acquisition, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.