Ryman Hospitality Properties, Inc. $RHP Position Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,049 shares of the real estate investment trust’s stock after acquiring an additional 1,200 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.15% of Ryman Hospitality Properties worth $8,688,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RHP. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ryman Hospitality Properties by 7.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 405 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ryman Hospitality Properties by 13.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 585 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of 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 worth $350,000 after buying an additional 130 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Ryman Hospitality Properties by 53.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust’s stock worth $692,000 after buying an additional 2,615 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Ryman Hospitality Properties by 13.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,412 shares of the real estate investment trust’s stock worth $8,633,000 after buying an additional 10,917 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RHP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, October 8th. Bank of America lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.40.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $87.57 on Tuesday. The firm’s 50 day moving average is $94.02 and its 200-day moving average is $95.25. The stock has a market capitalization of $5.52 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.61 and a beta of 1.57. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.3%. Ryman Hospitality Properties’s payout ratio is currently 109.79%.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the stock in a transaction dated 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 purchase, the director directly owned 2,000 shares of the company’s stock, valued at approximately $190,660. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is owned by corporate insiders.

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.