RFG Bristol Wealth Advisors LLC Sells 1,689 Shares of Ryman Hospitality Properties, Inc. $RHP

RFG Bristol Wealth Advisors LLC lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 19.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,849 shares of the real estate investment trust’s stock after selling 1,689 shares during the quarter. RFG Bristol Wealth Advisors LLC’s holdings in Ryman Hospitality Properties were worth $676,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in Ryman Hospitality Properties by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 685,143 shares of the real estate investment trust’s stock valued at $67,603,000 after buying an additional 40,693 shares during the period. Bank of Montreal Can grew its position in Ryman Hospitality Properties by 1.0% during the second quarter. Bank of Montreal Can now owns 22,279 shares of the real estate investment trust’s stock valued at $2,198,000 after buying an additional 221 shares during the period. Cooke & Bieler LP grew its position in Ryman Hospitality Properties by 1.2% during the second quarter. Cooke & Bieler LP now owns 913,608 shares of the real estate investment trust’s stock valued at $90,146,000 after buying an additional 10,734 shares during the period. Strs Ohio grew its position in Ryman Hospitality Properties by 3.2% during the second quarter. Strs Ohio now owns 92,724 shares of the real estate investment trust’s stock valued at $9,149,000 after buying an additional 2,900 shares during the period. Finally, Atria Investments Inc grew its position in Ryman Hospitality Properties by 13.3% during the second quarter. Atria Investments Inc now owns 2,832 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 332 shares during the period. Institutional investors own 94.48% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts have weighed in on RHP shares. Bank of America increased their target price 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. Morgan Stanley started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 target price for the company. Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price for the company. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.40.

Ryman Hospitality Properties Trading Up 1.8%

Shares of Ryman Hospitality Properties stock opened at $90.39 on Wednesday. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.60 and a beta of 1.57. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The company’s 50-day moving average price is $92.94 and its 200-day moving average price is $95.43.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $592.46 million for the quarter, compared to the consensus estimate of $573.40 million. During the same period in the prior year, the firm posted $1.93 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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 issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

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.