Ryman Hospitality Properties, Inc. $RHP Shares Acquired by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. increased its stake in Ryman Hospitality Properties by 25.4%, acquiring an additional 15,017 shares in the second quarter, bringing its total ownership to approximately 74,119 shares valued at $7.31 million.
• Institutional investors and hedge funds now hold 94.48% of Ryman Hospitality Properties' stock, highlighting significant institutional interest in the company.
• Ryman Hospitality Properties reported $2.35 EPS for the last quarter, exceeding expectations, with a year-on-year revenue growth of 7.5% and setting its FY 2025 earnings guidance between 7.930 to 8.490 EPS.

Harbor Capital Advisors Inc. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 25.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,119 shares of the real estate investment trust's stock after purchasing an additional 15,017 shares during the period. Harbor Capital Advisors Inc. owned 0.12% of Ryman Hospitality Properties worth $7,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust's stock valued at $6,753,000 after buying an additional 8,261 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Ryman Hospitality Properties by 7.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock worth $545,000 after acquiring an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Ryman Hospitality Properties by 53.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock valued at $692,000 after purchasing an additional 2,615 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Ryman Hospitality Properties by 44.3% in the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock valued at $1,526,000 after purchasing an additional 5,125 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Ryman Hospitality Properties by 751.6% during the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock worth $1,558,000 after purchasing an additional 15,039 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on RHP shares. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research 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. Bank of America raised their price target 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. Finally, Wall Street Zen downgraded 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, the company presently has an average rating of "Buy" and a consensus target price of $115.50.

Ryman Hospitality Properties Stock Down 1.6%

NYSE RHP traded down $1.60 during trading on Friday, reaching $95.79. 1,737,751 shares of the company's stock were exchanged, compared to its average volume of 579,744. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The stock has a market cap of $6.03 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The company has a 50 day moving average price of $97.75 and a two-hundred day moving average price of $95.66.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its 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. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same quarter in the previous year, the business earned $2.78 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.8%. Ryman Hospitality Properties's payout ratio is presently 109.79%.

Insider Activity

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. acquired 2,000 shares of the stock in a transaction on 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 acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by company 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.