Golden State Equity Partners Buys 142 Shares of Ryman Hospitality Properties, Inc. $RHP

Golden State Equity Partners lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,371 shares of the real estate investment trust’s stock after purchasing an additional 142 shares during the quarter. Golden State Equity Partners’ holdings in Ryman Hospitality Properties were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in 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 buying an additional 209 shares during the period. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $31,000. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 367 shares during the period. First Community Trust NA raised its stake in Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 100 shares during the period. Finally, CWM LLC raised its stake in Ryman Hospitality Properties by 213.4% during the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 493 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an “overweight” rating and a $117.00 target price 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 note on Friday, May 30th. Bank of America lifted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $115.50.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $94.46 on Wednesday. The stock has a market capitalization of $5.95 billion, a PE ratio of 22.54, a P/E/G ratio of 1.69 and a beta of 1.58. The business has a 50 day simple moving average of $97.41 and a two-hundred day simple moving average of $95.61. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly 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 business had revenue of $659.52 million during the quarter, compared to analysts’ expectations of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.15 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.9%. Ryman Hospitality Properties’s payout ratio is 109.79%.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares in the company, valued at $190,660. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.00% of the company’s stock.

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.