** Shares of Ryman Hospitality Properties RHP.N down 2.6% post-market at $96.55 after acquisition-related equity offering news
** Real estate investment trust commences 2.3 mln share offering to partially fund approx recently announced $865 mln pending buy of the JW Marriott Phoenix Desert Ridge Resort & Spa, located in Arizona
** If acquisition is not consummated, Ryman says will use net proceeds for general corporate purposes
** Morgan Stanley, BofA, J.P. Morgan and Wells Fargo jt lead bookrunners for the offering
** Nashville, Tennessee-based Ryman has 60 mln shares outstanding for $6 bln market cap
** RHP shares on Mon finished up 0.2% at $99.17, down 5% YTD. Stock's 52-week high is $121.77 (Dec 3, 2024) and 52-week low is $76.27 (Apr 9, 2025)
** All 12 analysts are bullish on RHP, including 5 "strong buy" ratings and the median PT is $116, latest LSEG data shows
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.