Bank of New York Mellon Corp Buys 40,693 Shares of Ryman Hospitality Properties, Inc. $RHP

Bank of New York Mellon Corp increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 685,143 shares of the real estate investment trust’s stock after purchasing an additional 40,693 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ryman Hospitality Properties were worth $67,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake 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 worth $2,198,000 after buying an additional 221 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Ryman Hospitality Properties by 1.2% in the 2nd quarter. Cooke & Bieler LP now owns 913,608 shares of the real estate investment trust’s stock worth $90,146,000 after acquiring an additional 10,734 shares during the last quarter. Strs Ohio boosted its stake in shares of Ryman Hospitality Properties by 3.2% during the 2nd quarter. Strs Ohio now owns 92,724 shares of the real estate investment trust’s stock worth $9,149,000 after purchasing an additional 2,900 shares during the period. Atria Investments Inc grew its holdings in Ryman Hospitality Properties by 13.3% during the 2nd quarter. Atria Investments Inc now owns 2,832 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 332 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Ryman Hospitality Properties by 57.6% during the 2nd quarter. Assetmark Inc. now owns 1,418 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP opened at $93.78 on Monday. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.60 and a beta of 1.60. 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 12-month low of $76.27 and a 12-month high of $121.77. The business’s fifty day simple moving average is $92.56 and its 200-day simple moving average is $95.58.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.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 previous year, the company posted $1.93 earnings per share. The firm’s quarterly revenue 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 research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.15 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.9%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 121.69%.

Analyst Ratings Changes

RHP has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective for the company. Morgan Stanley assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price objective on the stock. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.40.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares of the company’s stock, valued at approximately $190,660. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by insiders.

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.