Millennium Management LLC Has $20.14 Million Holdings in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Millennium Management LLC has reduced its stake in Ryman Hospitality Properties by 39.4%, selling 143,125 shares and maintaining ownership of about 220,252 shares, valued at approximately $20.14 million.
• Several institutional investors, including Vanguard Group Inc. and Principal Financial Group Inc., have increased their holdings in Ryman Hospitality Properties, showcasing strong institutional interest.
• Ryman Hospitality Properties reported a quarterly EPS of $2.35, exceeding analysts' estimates, with an increase in revenue of 7.5% year-over-year, indicating positive growth in the lodging and hospitality sector.

Millennium Management LLC lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 39.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 220,252 shares of the real estate investment trust's stock after selling 143,125 shares during the quarter. Millennium Management LLC owned about 0.37% of Ryman Hospitality Properties worth $20,140,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RHP. Nuveen LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter worth $67,901,000. Vanguard Group Inc. boosted its position in 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 acquiring an additional 603,936 shares during the period. Hamlin Capital Management LLC boosted its position in Ryman Hospitality Properties by 42.2% during the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust's stock worth $81,195,000 after acquiring an additional 263,630 shares during the period. Principal Financial Group Inc. boosted its position in 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 acquiring an additional 207,419 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in Ryman Hospitality Properties during the 1st quarter worth $17,373,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Up 1.1%

NYSE:RHP traded up $1.07 during trading hours on Thursday, hitting $97.53. 594,838 shares of the company's stock traded hands, compared to its average volume of 567,980. The firm has a market cap of $6.14 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.73 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. 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 stock's fifty day moving average price is $97.90 and its two-hundred day moving average price is $95.66.

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 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 41.65% and a net margin of 10.74%.Ryman Hospitality Properties's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Ryman Hospitality Properties's payout ratio is presently 109.79%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director H Eric Bolton, Jr. purchased 2,000 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, with a total value of $190,660.00. Following the completion of the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Bank of America upped their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 21st. Truist Financial cut their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus 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.