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

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Ryman Hospitality Properties by 7.3% in 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 buying an additional 603,936 shares during the last quarter. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 6.4% in 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 buying an additional 207,419 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ryman Hospitality Properties by 1.2% in 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 buying an additional 11,872 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Ryman Hospitality Properties by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after buying an additional 5,807 shares during the last quarter. Finally, Cooke & Bieler LP lifted its position in Ryman Hospitality Properties by 25.9% in the 1st quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock worth $82,559,000 after buying an additional 185,880 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Insider Buying and Selling

In other news, Chairman Colin V. Reed purchased 8,356 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eric Bolton, Jr. bought 2,000 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost 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 of the company's stock, valued at approximately $190,660. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RHP shares. Bank of America boosted their target price 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. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Truist Financial dropped their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $114.75.

Ryman Hospitality Properties Stock Up 1.2%

RHP stock traded up $1.1610 during midday trading on Tuesday, hitting $95.5210. The stock had a trading volume of 116,357 shares, compared to its average volume of 804,047. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62. The business has a 50-day moving average of $98.61 and a two-hundred day moving average of $96.05. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. 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 (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $659.52 million for the quarter, compared to analysts' expectations of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

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.