Hamlin Capital Management LLC Increases Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Key Points

• Hamlin Capital Management LLC increased its holdings in Ryman Hospitality Properties by 42.2%, owning a total of 887,956 shares valued at approximately $81.2 million.
• Ryman Hospitality Properties reported a quarterly earnings of $2.35 EPS, exceeding analyst expectations and showcasing a 7.5% revenue increase year-over-year.
• The company's stock has a current market cap of $6.14 billion and has seen a price target adjustment, with several analysts setting their target around $120 to $130.

Hamlin Capital Management LLC raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 42.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 887,956 shares of the real estate investment trust's stock after purchasing an additional 263,630 shares during the quarter. Ryman Hospitality Properties comprises about 1.9% of Hamlin Capital Management LLC's investment portfolio, making the stock its 24th biggest position. Hamlin Capital Management LLC owned 1.48% of Ryman Hospitality Properties worth $81,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP raised its holdings 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 valued at $485,000 after buying an additional 98 shares during the period. Cetera Investment Advisers raised its stake in shares of Ryman Hospitality Properties by 2.9% during the fourth 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. Oppenheimer Asset Management Inc. lifted its position in shares of Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 130 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Ryman Hospitality Properties by 6.5% in the first quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock valued at $229,000 after purchasing an additional 153 shares during the period. Finally, Beacon Investment Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 0.5% in the fourth quarter. Beacon Investment Advisors LLC now owns 30,466 shares of the real estate investment trust's stock valued at $3,179,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $97.51 on Thursday. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a fifty day moving average price of $98.74 and a two-hundred day moving average price of $96.40. The company has a market cap of $6.14 billion, a PE ratio of 23.27, a P/E/G ratio of 2.19 and a beta of 1.62.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $659.52 million during 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.78 EPS. Research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RHP shares. Evercore ISI cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Truist Financial cut their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. 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 target price on the stock. Finally, Bank of America increased their target price 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. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.75.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director owned 2,576 shares in the company, valued at approximately $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

About Ryman Hospitality Properties

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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