Ethic Inc. Raises Position in Ryman Hospitality Properties, Inc. $RHP

Ethic Inc. lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 53.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,162 shares of the real estate investment trust’s stock after purchasing an additional 1,458 shares during the period. Ethic Inc.’s holdings in Ryman Hospitality Properties were worth $418,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RHP. Geneos Wealth Management Inc. boosted its holdings in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares during the period. First Community Trust NA boosted its holdings in 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 worth $59,000 after buying an additional 100 shares during the period. CWM LLC boosted its holdings in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 493 shares during the period. Fifth Third Bancorp boosted its holdings in Ryman Hospitality Properties by 31.3% in the 2nd quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 180 shares during the period. Finally, LRI Investments LLC boosted its holdings in Ryman Hospitality Properties by 33.0% in the 2nd quarter. LRI Investments LLC now owns 1,044 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.0%

Shares of NYSE:RHP opened at $86.50 on Thursday. The firm has a fifty day moving average price of $93.66 and a two-hundred day moving average price of $95.28. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.60 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results 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 firm 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 business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $2.78 EPS. 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 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 paid a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a yield of 5.3%. Ryman Hospitality Properties’s payout ratio is currently 109.79%.

Wall Street Analyst Weigh In

RHP has been the subject of several analyst reports. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Bank of America raised their price objective 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. Morgan Stanley initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.40.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares of the company’s stock, valued at approximately $190,660. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is 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.