Sumitomo Mitsui Trust Group Inc. Buys 9,369 Shares of Ryman Hospitality Properties, Inc. $RHP

Sumitomo Mitsui Trust Group Inc. grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,781 shares of the real estate investment trust’s stock after acquiring an additional 9,369 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.17% of Ryman Hospitality Properties worth $10,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. First Community Trust NA raised its stake in shares of Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 100 shares during the last quarter. CWM LLC raised its stake in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 493 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 31.3% in the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 180 shares during the last quarter. Finally, LRI Investments LLC raised its stake in shares of Ryman Hospitality Properties by 33.0% in the second quarter. LRI Investments LLC now owns 1,044 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 259 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Up 0.0%

Shares of NYSE RHP opened at $86.50 on Thursday. The stock has a market cap of $5.45 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.60 and a beta of 1.57. The firm has a 50 day moving average price of $93.66 and a 200 day moving average price of $95.28. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $659.52 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business 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 dividend on an annualized basis and a yield of 5.3%. Ryman Hospitality Properties’s payout ratio is presently 109.79%.

Insiders Place Their Bets

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on RHP. Bank of America lifted 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 report on Monday, July 21st. Wall Street Zen cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, October 8th. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. 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 company. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.40.

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.