Community Trust & Investment Co. Increases Stock Holdings 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. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,499 shares of the real estate investment trust's stock after buying an additional 5,299 shares during the period. Community Trust & Investment Co. owned about 0.05% of Ryman Hospitality Properties worth $3,207,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Cetera Investment Advisers boosted its stake in Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after purchasing an additional 125 shares during the period. Man Group plc boosted its stake in Ryman Hospitality Properties by 494.5% during the 4th quarter. Man Group plc now owns 27,739 shares of the real estate investment trust's stock valued at $2,894,000 after purchasing an additional 23,073 shares during the period. Quantinno Capital Management LP raised its position in shares of Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after buying an additional 98 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Ryman Hospitality Properties by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 16,519 shares of the real estate investment trust's stock worth $1,724,000 after buying an additional 5,435 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Ryman Hospitality Properties by 23.8% during the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock worth $163,000 after buying an additional 300 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director H Eric Bolton, Jr. purchased 2,000 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the acquisition, the director owned 2,000 shares in the company, valued at $190,660. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by insiders.

Ryman Hospitality Properties Trading Down 1.6%

Shares of NYSE:RHP traded down $1.60 during mid-day trading on Friday, reaching $95.79. The stock had a trading volume of 1,737,751 shares, compared to its average volume of 579,744. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm has a market cap of $6.03 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.58. The firm has a 50 day simple moving average of $97.75 and a two-hundred day simple moving average of $95.66. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued 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. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same period last year, the business earned $2.78 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties's payout ratio is 109.79%.

Analysts Set New Price Targets

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

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.