Schubert & Co Cuts Holdings in Ryman Hospitality Properties, Inc. $RHP

Schubert & Co trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 37.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,722 shares of the real estate investment trust’s stock after selling 1,620 shares during the quarter. Schubert & Co’s holdings in Ryman Hospitality Properties were worth $269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Fifth Third Bancorp grew its holdings in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 367 shares during the last quarter. First Community Trust NA grew its holdings in Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 100 shares during the last quarter. CWM LLC grew its holdings in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 493 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in Ryman Hospitality Properties by 33.0% in the second quarter. LRI Investments LLC now owns 1,044 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 259 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RHP has been the topic of several analyst reports. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an “overweight” rating and a $117.00 price objective for the company. Bank of America lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Buy” and an average target price of $114.67.

Ryman Hospitality Properties Stock Up 0.1%

RHP opened at $88.38 on Friday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The company has a fifty day moving average of $94.81 and a two-hundred day moving average of $94.97. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.59 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, beating 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 during the quarter, compared to analysts’ expectations of $616.56 million. During the same quarter in the previous 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. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.2%. Ryman Hospitality Properties’s payout ratio is presently 109.79%.

Insiders Place Their Bets

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was 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 of the company’s stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

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.