Allianz Asset Management GmbH Lowers Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Allianz Asset Management GmbH reduced its holdings in Ryman Hospitality Properties by 18.5%, now owning 58,516 shares valued at approximately $5.77 million.
• Analysts have favorable views on Ryman Hospitality, with Wells Fargo upgrading it to a "strong-buy" rating and Bank of America raising its price target from $105 to $110.
• Ryman Hospitality Properties declared a quarterly dividend of $1.15 per share, yielding 5.1%, with a payout ratio currently at 109.79%.

Allianz Asset Management GmbH reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 18.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,516 shares of the real estate investment trust's stock after selling 13,284 shares during the quarter. Allianz Asset Management GmbH owned 0.10% of Ryman Hospitality Properties worth $5,774,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RHP. Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after buying an additional 209 shares during the last quarter. First Community Trust NA lifted its holdings in shares of Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 100 shares during the last quarter. CWM LLC boosted its stake 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. Fifth Third Bancorp grew its holdings in shares of Ryman Hospitality Properties by 31.3% during the 2nd quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 180 shares during the last quarter. Finally, LRI Investments LLC raised its position in Ryman Hospitality Properties by 33.0% in the 2nd quarter. LRI Investments LLC now owns 1,044 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 259 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RHP shares. Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a "strong-buy" rating in a research report on Friday, October 3rd. Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They set an "overweight" rating and a $108.00 target price for the company. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. Bank of America increased their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ryman Hospitality Properties in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average price target of $112.40.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $89.46 on Thursday. 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. The firm has a market cap of $5.64 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.60 and a beta of 1.57. The business's 50 day moving average price is $94.46 and its 200-day moving average price is $94.98.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS 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 analyst estimates 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 was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 annualized dividend and a dividend yield of 5.1%. Ryman Hospitality Properties's payout ratio is currently 109.79%.

Insider Transactions at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares in the company, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.