GAMMA Investing LLC Grows Holdings in Ryman Hospitality Properties, Inc. $RHP

GAMMA Investing LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 225.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,721 shares of the real estate investment trust’s stock after acquiring an additional 1,193 shares during the period. GAMMA Investing LLC’s holdings in Ryman Hospitality Properties were worth $170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RHP. Nuveen LLC purchased a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at approximately $67,901,000. Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after buying an additional 603,936 shares during the period. Hamlin Capital Management LLC increased its stake in Ryman Hospitality Properties by 42.2% during the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock worth $81,195,000 after buying an additional 263,630 shares during the period. Principal Financial Group Inc. increased its stake in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust’s stock worth $316,576,000 after buying an additional 207,419 shares during the period. Finally, Public Sector Pension Investment Board purchased a new stake in Ryman Hospitality Properties during the 1st quarter worth approximately $17,373,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an “overweight” rating and a $117.00 target price on the stock. Bank of America upped their target price 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. Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Buy” and a consensus target price of $115.50.

Ryman Hospitality Properties Trading Down 0.3%

Shares of Ryman Hospitality Properties stock opened at $92.44 on Tuesday. The company has a fifty day simple moving average of $96.79 and a 200-day simple moving average of $95.48. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. 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 cap of $5.82 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.67 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $659.52 million during 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 company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.15 per share. The ex-dividend date is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio is currently 109.79%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Company 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.