Adelante Capital Management LLC Sells 45,898 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Adelante Capital Management LLC has reduced its stake in Ryman Hospitality Properties by 13.2%, selling 45,898 shares and now holding 302,992 shares.
• Ryman Hospitality Properties reported a quarterly earnings per share (EPS) of $2.35, beating expectations, and raised its FY 2025 EPS guidance to 7.930-8.490.
• Institutional investors own 94.48% of Ryman Hospitality Properties, indicating strong backing from large investment firms.

Adelante Capital Management LLC decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 302,992 shares of the real estate investment trust's stock after selling 45,898 shares during the quarter. Ryman Hospitality Properties comprises approximately 1.9% of Adelante Capital Management LLC's investment portfolio, making the stock its 18th biggest position. Adelante Capital Management LLC owned about 0.50% of Ryman Hospitality Properties worth $27,706,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP increased its position in Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after buying an additional 98 shares during the period. Norinchukin Bank The grew its stake in shares of Ryman Hospitality Properties by 4.5% in the first quarter. Norinchukin Bank The now owns 2,765 shares of the real estate investment trust's stock valued at $253,000 after acquiring an additional 120 shares in the last quarter. Cetera Investment Advisers increased its position in Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after acquiring an additional 125 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Ryman Hospitality Properties by 3.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 130 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Ryman Hospitality Properties by 6.5% in the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock valued at $229,000 after purchasing an additional 153 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RHP. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. 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. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Truist Financial reduced their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ryman Hospitality Properties has an average rating of "Buy" and an average target price of $115.50.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $1.83 during midday trading on Wednesday, hitting $100.70. The company's stock had a trading volume of 647,492 shares, compared to its average volume of 542,342. 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 one year low of $76.27 and a one year high of $121.77. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.78 and a beta of 1.58. The company's fifty day simple moving average is $98.38 and its two-hundred day simple moving average is $95.61.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same period last year, the firm posted $2.78 earnings per share. Ryman Hospitality Properties's revenue was up 7.5% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction dated 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 purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.00% of the company's stock.

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.