Ryman Hospitality Properties, Inc. $RHP Shares Acquired by LRI Investments LLC

LRI Investments LLC boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 33.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,044 shares of the real estate investment trust’s stock after purchasing an additional 259 shares during the quarter. LRI Investments LLC’s holdings in Ryman Hospitality Properties were worth $103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Community Trust NA raised its position in Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 100 shares during the last quarter. Norinchukin Bank The raised its position in Ryman Hospitality Properties by 4.5% in the 1st quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 120 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Ryman Hospitality Properties by 3.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 130 shares during the last quarter. Golden State Equity Partners raised its position in Ryman Hospitality Properties by 4.4% in the 2nd quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 142 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in Ryman Hospitality Properties by 6.5% in the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $190,660. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $89.06 on Tuesday. The firm has a market capitalization of $5.61 billion, a P/E ratio of 21.26, a PEG ratio of 1.56 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The company’s fifty day moving average is $95.17 and its two-hundred day moving average is $95.08. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties’s payout ratio is presently 109.79%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RHP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, October 8th. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an “overweight” rating and a $117.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $114.67.

Ryman Hospitality Properties Profile

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.