Dakota Wealth Management acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,880 shares of the real estate investment trust's stock, valued at approximately $876,000.
Other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC increased its stake in Ryman Hospitality Properties by 13.9% during the 4th quarter. Squarepoint Ops LLC now owns 10,593 shares of the real estate investment trust's stock valued at $1,105,000 after purchasing an additional 1,296 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Ryman Hospitality Properties by 10,042.9% during the first quarter. GAMMA Investing LLC now owns 48,280 shares of the real estate investment trust's stock valued at $4,415,000 after buying an additional 47,804 shares during the last quarter. Rhumbline Advisers increased its position in shares of Ryman Hospitality Properties by 78.6% in the 1st quarter. Rhumbline Advisers now owns 168,231 shares of the real estate investment trust's stock valued at $15,383,000 after acquiring an additional 74,032 shares during the period. Reinhart Partners LLC. raised its stake in Ryman Hospitality Properties by 58.5% in the 1st quarter. Reinhart Partners LLC. now owns 437,273 shares of the real estate investment trust's stock worth $39,984,000 after acquiring an additional 161,385 shares during the last quarter. Finally, Greystone Financial Group LLC raised its stake in Ryman Hospitality Properties by 17.6% in the 1st quarter. Greystone Financial Group LLC now owns 7,772 shares of the real estate investment trust's stock worth $711,000 after acquiring an additional 1,165 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business's stock in a transaction on Thursday, August 14th. The stock was bought 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 owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.00% of the company's stock.
Ryman Hospitality Properties Stock Up 0.7%
Shares of RHP opened at $92.72 on Friday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.67 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The stock's 50-day moving average price is $96.92 and its 200-day moving average price is $95.49. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72.
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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same period in the previous year, the company posted $2.78 earnings per share. Ryman Hospitality Properties's revenue for the quarter 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, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.
Ryman Hospitality Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 109.79%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Bank of America boosted their price target 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. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price on the stock. Finally, Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday. Eight 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 price target of $115.50.
Read Our Latest Stock Analysis on RHP
Ryman Hospitality Properties Profile
(
Free Report)
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.
Further Reading
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