Ryman Hospitality Properties slips on planned equity raise to fund acquisition
10/08/2026 13:06
BUZZ-Ryman Hospitality Properties slips on planned equity raise to fund acquisition ** Ryman Hospitality Properties RHP.N shares fall 4.6% to $115.31 premarket
** Lodging and hospitality real estate investment trust unveils public offering of 5.1 million shares
** Proceeds will fund portion of $1.38 billion acquisition of Grande Lakes Orlando Resort from hospitality-focused real estate investor Trinity Investments
** BofA Securities, J.P. Morgan, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers
** RHP had 63.1 million outstanding shares as of July 31, per latest quarterly report
** All 14 brokerages covering the stock rate "buy" or higher; median PT $130 - data compiled by LSEG
** As of last close, RHP stock up 27.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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