Knights of Columbus Asset Advisors LLC Has $1.43 Million Position in Ryman Hospitality Properties, Inc. $RHP

Knights of Columbus Asset Advisors LLC reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,515 shares of the real estate investment trust’s stock after selling 757 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Ryman Hospitality Properties were worth $1,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. Fifth Third Bancorp raised its position in shares of 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 valued at $53,000 after buying an additional 367 shares during the last quarter. First Community Trust NA raised its position in shares of 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 valued at $59,000 after buying an additional 100 shares during the last quarter. CWM LLC raised its position in shares of Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 493 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Ryman Hospitality Properties by 225.9% during the second quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 1,193 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RHP shares. Bank of America increased their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Saturday, September 27th. Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. 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. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.67.

Ryman Hospitality Properties Trading Down 1.1%

Shares of NYSE:RHP opened at $89.98 on Tuesday. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. 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’s fifty day simple moving average is $95.85 and its 200 day simple moving average is $95.28. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.64 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS 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 business had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same period last year, the business posted $2.78 earnings per share. The firm’s quarterly revenue 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.15 dividend. 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 5.1%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 109.79%.

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.