Mirae Asset Global Investments Co. Ltd. Reduces Holdings in Ryman Hospitality Properties, Inc. $RHP

Mirae Asset Global Investments Co. Ltd. lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,181 shares of the real estate investment trust’s stock after selling 356 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. First Community Trust NA lifted its holdings in shares of Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 100 shares during the last quarter. Norinchukin Bank The increased its position in Ryman Hospitality Properties by 4.5% during the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 120 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 130 shares during the last quarter. Golden State Equity Partners grew its position in shares of Ryman Hospitality Properties by 4.4% during the second quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 142 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Ryman Hospitality Properties by 6.5% during the first quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The shares were acquired 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 directly owned 2,000 shares of the company’s stock, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an “overweight” rating and a $117.00 price target on the stock. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Cantor Fitzgerald started coverage on 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $114.67.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $86.86 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 cap of $5.47 billion, a P/E ratio of 20.73, a PEG ratio of 1.56 and a beta of 1.57. The company has a 50-day moving average of $95.25 and a two-hundred day moving average of $95.09. 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 issued its quarterly earnings data 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 net margin of 10.74% and a return on equity of 41.65%. The business had revenue of $659.52 million during the quarter, compared to analysts’ expectations of $616.56 million. During the same period last year, the company posted $2.78 EPS. 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. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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

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.