Metis Global Partners LLC Acquires 2,341 Shares of Ryman Hospitality Properties, Inc. $RHP

Metis Global Partners LLC increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 30.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,929 shares of the real estate investment trust’s stock after purchasing an additional 2,341 shares during the period. Metis Global Partners LLC’s holdings in Ryman Hospitality Properties were worth $980,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in shares of Ryman Hospitality Properties by 12.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock valued at $6,753,000 after acquiring an additional 8,261 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ryman Hospitality Properties by 56.3% during the first quarter. Invesco Ltd. now owns 168,601 shares of the real estate investment trust’s stock valued at $15,417,000 after acquiring an additional 60,713 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of Ryman Hospitality Properties by 4,049.6% during the second quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock valued at $5,540,000 after acquiring an additional 54,791 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 24.6% during the first quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust’s stock worth $3,169,000 after purchasing an additional 6,842 shares during the period. Finally, Hamlin Capital Management LLC grew its stake in shares of Ryman Hospitality Properties by 0.7% in the second quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock worth $88,259,000 after purchasing an additional 6,530 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 other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,993 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $92.16 per share, with a total value of $828,794.88. Following the transaction, the chairman directly owned 888,010 shares in the company, valued at approximately $81,839,001.60. The trade was a 1.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director H Eric Bolton, Jr. acquired 2,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares of the company’s stock, valued at approximately $190,660. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.1%

RHP opened at $94.75 on Wednesday. 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, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The stock has a market cap of $5.97 billion, a PE ratio of 22.61, a PEG ratio of 1.60 and a beta of 1.60. The business has a 50 day moving average of $92.41 and a 200-day moving average of $95.70.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. The company had revenue of $592.46 million for 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 firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. Equities research analysts predict 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. Investors of record on Tuesday, September 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 121.69%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley started coverage on Ryman Hospitality Properties in a report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 target price for the company. Evercore ISI cut their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.