Gilman Hill Asset Management LLC Invests $10.32 Million in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Gilman Hill Asset Management LLC acquired 104,578 shares of Ryman Hospitality Properties, valued at approximately $10.3 million, making it the firm's 10th largest position.
• Several institutional investors, including Cetera Investment Advisers and Man Group plc, have increased their holdings in Ryman Hospitality Properties, indicating strong interest among financial institutions.
• A majority of analysts maintain a "Buy" rating for Ryman Hospitality Properties, with a consensus target price of $115.50, showing a positive outlook for the stock's performance.

Gilman Hill Asset Management LLC purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 104,578 shares of the real estate investment trust's stock, valued at approximately $10,319,000. Ryman Hospitality Properties comprises 1.7% of Gilman Hill Asset Management LLC's holdings, making the stock its 10th largest holding. Gilman Hill Asset Management LLC owned 0.17% of Ryman Hospitality Properties at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RHP. Geneos Wealth Management Inc. lifted its stake in 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 during the last quarter. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. First Community Trust NA lifted its stake in Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 100 shares during the last quarter. Finally, CWM LLC lifted its stake in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Trading Down 1.6%

NYSE RHP traded down $1.60 on Friday, hitting $95.79. The company's stock had a trading volume of 1,737,751 shares, compared to its average volume of 579,744. 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, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The company's 50-day moving average is $97.75 and its 200 day moving average is $95.66. The firm has a market cap of $6.03 billion, a PE ratio of 22.86, a PEG ratio of 1.72 and a beta of 1.58.

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 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 firm had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same period in the prior year, the company posted $2.78 EPS. The company's 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. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties's dividend payout ratio is 109.79%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Bank of America lifted 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. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Buy" and an average price target of $115.50.

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.