39,300 Shares in Ryman Hospitality Properties, Inc. $RHP Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• The Virginia Retirement Systems ET Al purchased 39,300 shares of Ryman Hospitality Properties, Inc. for approximately $3.88 million, representing a 0.07% ownership stake in the company.
• Ryman Hospitality Properties reported $2.35 EPS for the last quarter, exceeding estimates, and set FY 2025 guidance between 7.930-8.490 EPS.
• The company declared a quarterly dividend of $1.15 per share, with a 5.2% dividend yield, although its payout ratio stands at a high 109.79%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 39,300 shares of the real estate investment trust's stock, valued at approximately $3,878,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Ryman Hospitality Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ryman Hospitality Properties by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock worth $813,748,000 after acquiring an additional 603,936 shares during the last quarter. Principal Financial Group Inc. raised its stake in Ryman Hospitality Properties by 6.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock worth $316,576,000 after acquiring an additional 207,419 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock worth $90,621,000 after purchasing an additional 11,872 shares during the period. Cooke & Bieler LP grew its position in Ryman Hospitality Properties by 25.9% during the 1st quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock worth $82,559,000 after purchasing an additional 185,880 shares during the period. Finally, Hamlin Capital Management LLC grew its position in Ryman Hospitality Properties by 0.7% during the 2nd 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 period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $88.31 on Tuesday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of $5.56 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.59 and a beta of 1.57. The stock's 50-day moving average price is $94.74 and its 200-day moving average price is $95.06.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 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 firm had revenue of $659.52 million for the quarter, compared to analysts' expectations of $616.56 million. During the same period last year, the firm earned $2.78 EPS. The company's quarterly revenue 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. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given 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 5.2%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 109.79%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately $190,660. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on RHP. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. Bank of America increased their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Cantor Fitzgerald began coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an "overweight" rating and a $108.00 price target on the stock. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target on the stock. Finally, Wells Fargo & Company raised Ryman Hospitality Properties to a "strong-buy" rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $114.67.

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.

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