Truist Financial Corp Cuts Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Truist Financial Corp decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,704 shares of the real estate investment trust’s stock after selling 279 shares during the period. Truist Financial Corp’s holdings in Ryman Hospitality Properties were worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in Ryman Hospitality Properties by 699.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 38,805 shares of the real estate investment trust’s stock valued at $3,829,000 after purchasing an additional 33,951 shares during the period. Venture Visionary Partners LLC purchased a new position in Ryman Hospitality Properties during the 2nd quarter valued at about $1,482,000. State of Alaska Department of Revenue grew its position in shares of Ryman Hospitality Properties by 4.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 64,242 shares of the real estate investment trust’s stock worth $6,337,000 after buying an additional 2,584 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth approximately $876,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Ryman Hospitality Properties by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 85,881 shares of the real estate investment trust’s stock worth $8,474,000 after buying an additional 1,308 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.8%

NYSE:RHP opened at $89.64 on Wednesday. The company has a market cap of $5.65 billion, a PE ratio of 21.39, a P/E/G ratio of 1.60 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve 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 company’s 50 day moving average is $95.09 and its two-hundred day moving average is $95.04.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating 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 business had revenue of $659.52 million during the quarter, compared to analysts’ expectations of $616.56 million. During the same period in the previous year, the business posted $2.78 EPS. The business’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. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.1%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties’s payout ratio is presently 109.79%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

RHP has been the topic of a number of analyst reports. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Cantor Fitzgerald initiated 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 objective on the stock. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. Bank of America lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $114.67.

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.