Oppenheimer Asset Management Inc. Increases Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Oppenheimer Asset Management Inc. raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,632 shares of the real estate investment trust’s stock after purchasing an additional 804 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Ryman Hospitality Properties were worth $457,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RHP. Nuveen LLC purchased a new position in Ryman Hospitality Properties in the first quarter valued at approximately $67,901,000. Vanguard Group Inc. grew its position in shares of Ryman Hospitality Properties by 7.3% during the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after acquiring an additional 603,936 shares during the last quarter. Hamlin Capital Management LLC grew its position in shares of Ryman Hospitality Properties by 42.2% during the first quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock worth $81,195,000 after acquiring an additional 263,630 shares during the last quarter. PGGM Investments grew its position in shares of Ryman Hospitality Properties by 39.9% during the second quarter. PGGM Investments now owns 741,834 shares of the real estate investment trust’s stock worth $73,197,000 after acquiring an additional 211,634 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $17,373,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director H Eric Bolton, Jr. purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at $190,660. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. Wall Street Zen lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. 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. Bank of America lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Morgan Stanley initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.40.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $86.91 on Friday. The firm has a market capitalization of $5.48 billion, a P/E ratio of 20.74, a PEG ratio of 1.60 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The company’s fifty day moving average is $93.25 and its two-hundred day moving average is $95.30. 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 (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million for the quarter, compared to analyst estimates 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 was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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