Adelante Capital Management LLC Reduces Stock Holdings in 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 trimmed its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,992 shares of the real estate investment trust's stock after selling 45,898 shares during the period. Ryman Hospitality Properties comprises 1.9% of Adelante Capital Management LLC's holdings, making the stock its 18th biggest holding. Adelante Capital Management LLC owned about 0.50% of Ryman Hospitality Properties worth $27,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RHP. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares in the last quarter. CWM LLC raised its holdings in shares of Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $108,000. Finally, State of Wyoming raised its holdings in shares of Ryman Hospitality Properties by 23.8% in the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

RHP has been the subject of several recent research reports. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Bank of America boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Buy" and a consensus price target of $115.50.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $0.77 during trading hours on Friday, hitting $99.97. The company's stock had a trading volume of 251,393 shares, compared to its average volume of 782,953. The company has a 50 day moving average of $98.33 and a 200 day moving average of $95.63. The stock has a market cap of $6.30 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77.

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

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is owned by company insiders.

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.