Citigroup Inc. Has $14.55 Million Stock Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Citigroup Inc. reduced its stake in Ryman Hospitality Properties by 29.9%, now owning 159,107 shares worth approximately $14.5 million.
• Several institutional investors increased their holdings in Ryman Hospitality Properties, with Amalgamated Bank notably raising its position by 751.6%.
• Despite a slight stock decline of 1.0% on Friday, Ryman Hospitality Properties reported an earnings per share of $2.35, exceeding analysts' estimates by $0.04.

Citigroup Inc. trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,107 shares of the real estate investment trust's stock after selling 67,838 shares during the period. Citigroup Inc. owned about 0.27% of Ryman Hospitality Properties worth $14,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 7.3% during the first 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 in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 6.4% during the first 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock worth $90,621,000 after acquiring an additional 11,872 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Ryman Hospitality Properties by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after acquiring an additional 5,807 shares in the last quarter. Finally, Cooke & Bieler LP raised its holdings in shares of Ryman Hospitality Properties by 25.9% during the first quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock worth $82,559,000 after acquiring an additional 185,880 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded up $1.3350 during trading on Tuesday, reaching $95.6950. The company's stock had a trading volume of 70,163 shares, compared to its average volume of 803,676. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The business's fifty day moving average price is $98.61 and its 200-day moving average price is $96.05. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $659.52 million for 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 for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

RHP has been the topic of several recent research reports. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. Finally, Bank of America raised their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $114.75.

Insider Transactions at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $95.33 per share, with a total value of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the sale, the director directly owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate 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.