Janney Montgomery Scott LLC Buys 33,951 Shares of Ryman Hospitality Properties, Inc. $RHP

Janney Montgomery Scott LLC boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 699.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,805 shares of the real estate investment trust’s stock after acquiring an additional 33,951 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Ryman Hospitality Properties worth $3,829,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RHP. GAMMA Investing LLC grew its holdings in Ryman Hospitality Properties by 10,042.9% during the 1st quarter. GAMMA Investing LLC now owns 48,280 shares of the real estate investment trust’s stock worth $4,415,000 after acquiring an additional 47,804 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Ryman Hospitality Properties by 17.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 59,102 shares of the real estate investment trust’s stock valued at $5,404,000 after purchasing an additional 8,958 shares during the period. Yousif Capital Management LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter valued at about $1,479,000. SG Americas Securities LLC lifted its position in Ryman Hospitality Properties by 158.5% during the 1st quarter. SG Americas Securities LLC now owns 4,361 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 2,674 shares during the period. Finally, Fifth Third Bancorp lifted its position in Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 367 shares during the period. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the company’s stock in a transaction dated 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 $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 this link. Corporate insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.5%

RHP opened at $88.55 on Wednesday. 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 market capitalization of $5.58 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.62 and a beta of 1.57. The stock has a fifty day moving average of $95.65 and a 200-day moving average of $95.24.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter last year, the firm earned $2.78 earnings per share. The company’s 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. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.2%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 109.79%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RHP. Cantor Fitzgerald assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target on the stock. Bank of America raised 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 note on Monday, July 21st. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Wells Fargo & Company raised their target price 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. Finally, JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an “overweight” rating and a $117.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.67.

About Ryman Hospitality Properties

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.