Keeler Thomas Management LLC Invests $262,000 in Ryman Hospitality Properties, Inc. $RHP

Keeler Thomas Management LLC acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,654 shares of the real estate investment trust’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AlphaQuest LLC increased its holdings in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 276 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 9.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 103,781 shares of the real estate investment trust’s stock worth $10,240,000 after purchasing an additional 9,369 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Ryman Hospitality Properties by 1.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 88,049 shares of the real estate investment trust’s stock worth $8,688,000 after purchasing an additional 1,200 shares during the period. Principle Wealth Partners LLC bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $279,000. Finally, Ethic Inc. increased its stake in Ryman Hospitality Properties by 53.9% in the second quarter. Ethic Inc. now owns 4,162 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 1,458 shares during the period. Institutional investors own 94.48% of the company’s stock.

Insider Activity

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction dated 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday. They issued an “equal weight” rating and a $92.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price on the stock. 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 cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.40.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $87.16 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.61 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The firm’s 50-day moving average price is $94.15 and its two-hundred day moving average price is $95.08.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $659.52 million for the quarter, compared to analysts’ expectations of $616.56 million. During the same period in the prior year, the firm earned $2.78 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 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.