Copeland Capital Management LLC Sells 23,690 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Copeland Capital Management LLC reduced its holdings in Ryman Hospitality Properties, Inc. by 7.3% during the second quarter, selling 23,690 shares and now owning approximately 0.50% of the company, valued at $29.47 million.
• Wall Street analysts have given Ryman Hospitality Properties a consensus rating of "Buy" with a target price of $114.67, reflecting optimism about the company's future performance.
• The company recently announced a quarterly dividend of $1.15 per share, indicating an annualized yield of 5.1%, despite a high dividend payout ratio of 109.79%.

Copeland Capital Management LLC reduced its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 298,633 shares of the real estate investment trust's stock after selling 23,690 shares during the quarter. Copeland Capital Management LLC owned about 0.50% of Ryman Hospitality Properties worth $29,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. Fifth Third Bancorp lifted its position in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after buying an additional 367 shares during the last quarter. First Community Trust NA lifted its position in Ryman Hospitality Properties by 20.0% in the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock worth $59,000 after buying an additional 100 shares during the last quarter. CWM LLC lifted its position in Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after buying an additional 493 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Ryman Hospitality Properties by 225.9% in the second quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust's stock worth $170,000 after buying an additional 1,193 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RHP has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a research report on Wednesday. They issued an "overweight" rating and a $108.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target for the company. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Bank of America raised their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Buy" and a consensus target price of $114.67.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $90.26 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The business's fifty day simple moving average is $96.20 and its two-hundred day simple moving average is $95.35. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.61 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same quarter last year, the firm posted $2.78 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.15 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.1%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 109.79%.

Insiders Place Their Bets

In other news, Director H Eric Bolton, Jr. purchased 2,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the purchase, the director owned 2,000 shares in the company, valued at approximately $190,660. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 5.00% of the stock is currently owned by 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.

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