LRI Investments LLC Increases Stock Position in Ryman Hospitality Properties, Inc. $RHP

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

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares during the period. Fifth Third Bancorp boosted its stake in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 367 shares during the period. First Community Trust NA boosted its stake in Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 100 shares during the period. CWM LLC boosted its stake in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 493 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Ryman Hospitality Properties by 225.9% in the second quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 1,193 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 2.7%

Shares of Ryman Hospitality Properties stock opened at $89.06 on Tuesday. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a 50 day moving average of $95.17 and a 200 day moving average of $95.08. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a market capitalization of $5.61 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.56 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $659.52 million for the quarter, compared to analysts’ expectations of $616.56 million. During the same quarter last year, the company earned $2.78 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, research 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.2%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 109.79%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

RHP has been the subject of several recent research reports. JPMorgan Chase & Co. initiated 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 for the company. Cantor Fitzgerald initiated 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 for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $114.67.

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.