Ryman Hospitality Properties, Inc. $RHP Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,968 shares of the real estate investment trust’s stock after purchasing an additional 203 shares during the quarter. Inspire Investing LLC’s holdings in Ryman Hospitality Properties were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RHP. Yousif Capital Management LLC acquired a new position in Ryman Hospitality Properties in the 1st quarter valued at $1,479,000. SG Americas Securities LLC raised its stake in Ryman Hospitality Properties by 158.5% in the 1st quarter. SG Americas Securities LLC now owns 4,361 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 2,674 shares during the last quarter. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 175.6% in 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 last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Ryman Hospitality Properties by 7.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock valued at $545,000 after buying an additional 405 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Ryman Hospitality Properties by 13.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 585 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $89.64 on Wednesday. The stock has a market cap of $5.65 billion, a PE ratio of 21.39, a P/E/G 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. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The stock has a fifty day simple moving average of $95.09 and a 200-day simple moving average of $95.04.

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, topping analysts’ consensus estimates 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 company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 annualized dividend and a yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an “overweight” rating and a $117.00 target price for the company. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Buy” and an average target price of $114.67.

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.