Reinhart Partners LLC. Acquires 158,011 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Reinhart Partners LLC increased its holdings in Ryman Hospitality Properties by 36.1% in the second quarter, acquiring an additional 158,011 shares and now owns a total of 595,284 shares.
• Ryman Hospitality Properties reported $2.35 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, with a revenue of $659.52 million, marking a 7.5% year-over-year increase.
• The stock currently has a consensus rating of "Buy" from analysts with a target price of $115.50, despite some variations in ratings from firms such as Wells Fargo and Bank of America.

Reinhart Partners LLC. grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 36.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 595,284 shares of the real estate investment trust's stock after acquiring an additional 158,011 shares during the quarter. Ryman Hospitality Properties comprises about 2.0% of Reinhart Partners LLC.'s holdings, making the stock its 25th largest position. Reinhart Partners LLC. owned 0.99% of Ryman Hospitality Properties worth $58,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at approximately $31,000. Fifth Third Bancorp boosted its stake in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 367 shares during the last quarter. First Community Trust NA lifted its stake in Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 100 shares during the last quarter. Finally, CWM LLC lifted its stake in Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 493 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent research reports. Bank of America raised 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. Wells Fargo & Company raised their price objective 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. Truist Financial cut their price objective 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. 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 price target on the stock. Finally, Wall Street Zen cut Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Buy" and an average price target of $115.50.

Insider Buying and Selling

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm's stock in a transaction 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 acquisition, the director directly owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Trading Down 1.6%

RHP traded down $1.60 during midday trading on Friday, reaching $95.79. 1,737,751 shares of the company were exchanged, compared to its average volume of 579,744. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year 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 has a market capitalization of $6.03 billion, a P/E ratio of 22.86, a PEG ratio of 1.75 and a beta of 1.58. The stock's 50-day simple moving average is $97.75 and its 200 day simple moving average is $95.66.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The business 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 revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last 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, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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

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.