Deroy & Devereaux Private Investment Counsel Inc. Raises Holdings in Ryman Hospitality Properties, Inc. $RHP

Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.5% during the second quarter, Holdings Channel.com reports. The fund owned 221,620 shares of the real estate investment trust’s stock after acquiring an additional 1,092 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Ryman Hospitality Properties were worth $21,867,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 367 shares during the last quarter. First Community Trust NA grew 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 acquiring an additional 100 shares during the last quarter. CWM LLC grew its stake in shares of Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 493 shares during the last quarter. Finally, LRI Investments LLC grew its stake in shares of Ryman Hospitality Properties by 33.0% during the second quarter. LRI Investments LLC now owns 1,044 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Transactions at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was bought 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 of the company’s stock, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RHP shares. Weiss Ratings restated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. Bank of America upped their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an “overweight” rating and a $117.00 target price on the stock. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Wells Fargo & Company upgraded Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of “Buy” and a consensus price target of $114.67.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $89.64 on Wednesday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The firm has a market cap of $5.65 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.60 and a beta of 1.57. The business’s 50 day moving average price is $95.09 and its 200 day moving average price is $95.04. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same period in the previous year, the company posted $2.78 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.1%. Ryman Hospitality Properties’s payout ratio is presently 109.79%.

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.