Federated Hermes Inc. Reduces Holdings in Ryman Hospitality Properties, Inc. $RHP

Federated Hermes Inc. lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 605,460 shares of the real estate investment trust’s stock after selling 45,117 shares during the quarter. Federated Hermes Inc. owned approximately 0.96% of Ryman Hospitality Properties worth $54,243,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of RHP. Hamlin Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 0.7% during the 2nd quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock worth $88,259,000 after purchasing an additional 6,530 shares during the period. Peregrine Capital Management LLC increased its stake in Ryman Hospitality Properties by 4,049.6% in the second quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock valued at $5,540,000 after purchasing an additional 54,791 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Ryman Hospitality Properties during the third quarter worth about $776,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ryman Hospitality Properties in the 2nd quarter worth about $344,000. Finally, Yousif Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $94.65 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The company has a market cap of $5.96 billion, a PE ratio of 25.04, a P/E/G ratio of 2.38 and a beta of 1.22. The company’s fifty day simple moving average is $95.23 and its 200-day simple moving average is $94.64. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $106.74.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The firm had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same period in the prior year, the firm earned $1.93 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.20 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.80 annualized dividend and a yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

Analysts Set New Price Targets

RHP has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Truist Financial upped their price target on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, January 16th. Finally, Evercore ISI cut their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.27.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed bought 8,993 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the purchase, the chairman owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.