Harvest Portfolios Group Inc. Sells 644 Shares of Ryman Hospitality Properties, Inc. $RHP

Harvest Portfolios Group Inc. reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.3% during the second quarter, Holdings Channel.com reports. The fund owned 7,122 shares of the real estate investment trust’s stock after selling 644 shares during the period. Harvest Portfolios Group Inc.’s holdings in Ryman Hospitality Properties were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RHP. Geneos Wealth Management Inc. raised its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. AlphaQuest LLC increased its position in shares of Ryman Hospitality Properties by 492.9% during the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 276 shares during the period. First Community Trust NA raised its stake in 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. CWM LLC lifted its holdings in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 493 shares during the period. Finally, Fifth Third Bancorp boosted its position in Ryman Hospitality Properties by 31.3% during the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $93.78 on Friday. The business has a 50-day simple moving average of $92.56 and a 200 day simple moving average of $95.45. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. 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 firm 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.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RHP. Cantor Fitzgerald assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective for 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. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Evercore ISI cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.40.

Ryman Hospitality Properties Company 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.