Hamlin Capital Management LLC Has $88.26 Million Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Hamlin Capital Management LLC increased its holdings in Ryman Hospitality Properties by 0.7%, owning 894,486 shares worth approximately $88.26 million, making it around 2% of Hamlin's total holdings.
• Ryman Hospitality Properties announced a quarterly dividend of $1.15 per share, with a dividend yield of 5.2%, and has a payout ratio of 109.79%.
• The stock is currently rated as a "strong-buy" by Wells Fargo & Company, with a consensus price target of $114.67 among analysts.

Hamlin Capital Management LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 894,486 shares of the real estate investment trust's stock after buying an additional 6,530 shares during the quarter. Ryman Hospitality Properties accounts for approximately 2.0% of Hamlin Capital Management LLC's holdings, making the stock its 25th biggest holding. Hamlin Capital Management LLC owned 1.49% of Ryman Hospitality Properties worth $88,259,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock worth $813,748,000 after purchasing an additional 603,936 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock worth $316,576,000 after purchasing an additional 207,419 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock worth $90,621,000 after purchasing an additional 11,872 shares in the last quarter. Cooke & Bieler LP increased its position in shares of Ryman Hospitality Properties by 25.9% during the 1st quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock worth $82,559,000 after purchasing an additional 185,880 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Ryman Hospitality Properties by 4.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 892,018 shares of the real estate investment trust's stock worth $81,566,000 after purchasing an additional 38,767 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a "strong-buy" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Ryman Hospitality Properties in a research report on Wednesday, October 8th. 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 target price for the company. Cantor Fitzgerald initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an "overweight" rating and a $108.00 target price for the company. Finally, Bank of America increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $114.67.

Ryman Hospitality Properties Stock Up 0.1%

Shares of NYSE:RHP opened at $88.38 on Friday. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company's 50-day moving average price is $94.81 and its two-hundred day moving average price is $94.96. 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 firm has a market cap of $5.57 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.59 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The firm had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is 109.79%.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director owned 2,000 shares of the company's stock, valued at $190,660. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.00% of the company's stock.

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.

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