12,771 Shares in Ryman Hospitality Properties, Inc. $RHP Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,771 shares of the real estate investment trust’s stock, valued at approximately $1,260,000.

Other hedge funds also recently modified their holdings of the company. First Community Trust NA raised its stake in shares of Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 100 shares during the last quarter. Norinchukin Bank The grew its holdings in Ryman Hospitality Properties by 4.5% during the 1st quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 120 shares during the period. Yousif Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 132 shares during the last quarter. Golden State Equity Partners raised its position in shares of Ryman Hospitality Properties by 4.4% during the 2nd quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 142 shares during the last quarter. Finally, Texas Yale Capital Corp. lifted its stake in shares of Ryman Hospitality Properties by 2.2% in the 2nd quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 150 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on RHP. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective for the company. Evercore ISI reduced their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Bank of America upped their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Finally, Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. 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. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $111.40.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $190,660. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Colin V. Reed acquired 8,993 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the transaction, the chairman directly owned 888,010 shares in the company, valued at $81,839,001.60. This represents a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Up 1.2%

Shares of Ryman Hospitality Properties stock opened at $94.95 on Tuesday. The company has a market capitalization of $5.98 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The business has a 50-day moving average of $92.48 and a two-hundred day moving average of $95.64. 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 issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.63 earnings per share (EPS) 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 business had revenue of $592.46 million during the quarter, compared to analyst estimates of $573.40 million. During the same period in the previous year, the firm earned $1.93 EPS. Ryman Hospitality Properties’s quarterly revenue was up 7.7% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. As a group, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business 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 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 121.69%.

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.