Community Trust & Investment Co. Raises Position in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Community Trust & Investment Co. increased its stake in Ryman Hospitality Properties by 19.5%, acquiring an additional 5,299 shares, bringing their total ownership to 32,499 shares worth approximately $3.2 million.
• Ryman Hospitality Properties recently reported a quarterly earnings per share (EPS) of $2.35, exceeding analysts' estimates, and set its FY 2025 guidance at 7.930-8.490 EPS.
• The company declared a quarterly dividend of $1.15, yielding about 4.8%, with stockholders of record to be paid on October 15.

Community Trust & Investment Co. grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,499 shares of the real estate investment trust's stock after purchasing an additional 5,299 shares during the quarter. Community Trust & Investment Co. owned approximately 0.05% of Ryman Hospitality Properties worth $3,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of 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 valued at $27,000 after purchasing an additional 209 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $31,000. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares in the last quarter. First Community Trust NA raised its stake in Ryman Hospitality Properties by 20.0% during 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 in the last quarter. Finally, CWM LLC raised its stake in Ryman Hospitality Properties by 213.4% during the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 493 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on RHP. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. assumed 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 target on the stock. Bank of America lifted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Buy" and a consensus price target of $115.50.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded down $1.36 during mid-day trading on Monday, reaching $94.18. 561,976 shares of the company were exchanged, compared to its average volume of 638,377. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The firm's 50-day simple moving average is $97.56 and its two-hundred day simple moving average is $95.62. 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 firm has a market cap of $5.93 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results 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. The business had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.9%. Ryman Hospitality Properties's payout ratio is presently 109.79%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at approximately $190,660. The trade was 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. 5.00% of the stock is currently owned by insiders.

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.