Community Trust & Investment Co. Raises Stock Position in Ryman Hospitality Properties, Inc. $RHP

Community Trust & Investment Co. raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 19.5% during the second quarter, Holdings Channel reports. The firm owned 32,499 shares of the real estate investment trust’s stock after purchasing an additional 5,299 shares during the period. Community Trust & Investment Co.’s holdings in Ryman Hospitality Properties were worth $3,207,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of Ryman Hospitality Properties in the 1st quarter worth approximately $67,901,000. Vanguard Group Inc. lifted its position in Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after buying an additional 603,936 shares in the last quarter. Hamlin Capital Management LLC increased its stake in shares of Ryman Hospitality Properties by 42.2% in the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock valued at $81,195,000 after acquiring an additional 263,630 shares during the last quarter. Principal Financial Group Inc. increased its stake in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust’s stock worth $316,576,000 after purchasing an additional 207,419 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $17,373,000. Institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America raised their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target on the stock. Truist Financial decreased their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Finally, Wall Street Zen cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Buy” and a consensus target price of $115.50.

Insider Activity at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares of the company’s stock, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 2.4%

RHP stock opened at $96.48 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.78 and a beta of 1.58. The firm’s fifty day simple moving average is $98.04 and its two-hundred day simple moving average is $95.67. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share 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 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 quarterly 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. As a group, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 109.79%.

Ryman Hospitality Properties 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.