Algert Global LLC Sells 18,520 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Algert Global LLC has reduced its holdings in Ryman Hospitality Properties by 40.4%, now owning 27,347 shares valued at approximately $2.5 million.
• Several institutional investors have increased their stakes, with Amalgamated Bank boosting its holdings by an impressive 751.6% in the first quarter.
• Ryman Hospitality Properties reported earnings of $2.35 per share, exceeding analyst expectations, and set a FY 2025 guidance of 7.930-8.490 EPS.

Algert Global LLC trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 40.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,347 shares of the real estate investment trust's stock after selling 18,520 shares during the period. Algert Global LLC's holdings in Ryman Hospitality Properties were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in shares of Ryman Hospitality Properties by 3.8% during the fourth quarter. Invesco Ltd. now owns 107,888 shares of the real estate investment trust's stock worth $11,257,000 after buying an additional 3,961 shares during the period. Mariner LLC boosted its position in shares of Ryman Hospitality Properties by 2.2% during the fourth quarter. Mariner LLC now owns 14,483 shares of the real estate investment trust's stock worth $1,511,000 after buying an additional 313 shares during the period. First Trust Advisors LP boosted its position in shares of Ryman Hospitality Properties by 166.9% during the fourth quarter. First Trust Advisors LP now owns 59,377 shares of the real estate investment trust's stock worth $6,195,000 after buying an additional 37,130 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ryman Hospitality Properties by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 834,179 shares of the real estate investment trust's stock worth $87,042,000 after buying an additional 12,506 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Ryman Hospitality Properties by 5.6% during the fourth quarter. MetLife Investment Management LLC now owns 36,964 shares of the real estate investment trust's stock worth $3,857,000 after buying an additional 1,969 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Colin V. Reed acquired 8,356 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the transaction, the director owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded down $1.51 during mid-day trading on Monday, hitting $97.40. 211,122 shares of the stock were exchanged, compared to its average volume of 797,471. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.62. The firm's 50-day simple moving average is $98.46 and its 200 day simple moving average is $95.84. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 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 7.5% compared to the same quarter last year. During the same period last year, the firm posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Evercore ISI reduced their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Bank of America increased their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. Finally, Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Buy" and a consensus price target of $114.75.

Ryman Hospitality Properties 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.