Allspring Global Investments Holdings LLC Has $486,000 Holdings in Ryman Hospitality Properties, Inc. $RHP

Allspring Global Investments Holdings LLC lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 36.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,790 shares of the real estate investment trust’s stock after selling 2,693 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ryman Hospitality Properties were worth $486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock worth $6,753,000 after purchasing an additional 8,261 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Ryman Hospitality Properties by 7.3% during 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 purchasing an additional 405 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Ryman Hospitality Properties by 44.3% during the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust’s stock worth $1,526,000 after acquiring an additional 5,125 shares during the period. Amalgamated Bank lifted its holdings in shares of Ryman Hospitality Properties by 751.6% during the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust’s stock worth $1,558,000 after acquiring an additional 15,039 shares during the period. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $907,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $87.16 on Friday. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 20.80, a PEG 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. The firm has a 50 day simple moving average of $94.15 and a 200 day simple moving average of $95.08. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year 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 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 the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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

Insider Transactions at Ryman Hospitality Properties

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

Analyst Ratings Changes

A number of analysts have recently weighed in on RHP shares. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, October 8th. Finally, Morgan Stanley started coverage on shares of Ryman Hospitality Properties in a report on Wednesday. They set an “equal weight” rating and a $92.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.40.

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.