Reinhart Partners LLC. Boosts Holdings in 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. boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 36.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 595,284 shares of the real estate investment trust's stock after purchasing an additional 158,011 shares during the quarter. Ryman Hospitality Properties accounts for about 2.0% of Reinhart Partners LLC.'s portfolio, making the stock its 25th largest holding. Reinhart Partners LLC. owned approximately 0.99% of Ryman Hospitality Properties worth $58,738,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 purchasing an additional 603,936 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $316,576,000 after buying an additional 207,419 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $90,621,000 after buying an additional 11,872 shares during the period. Cooke & Bieler LP increased its holdings 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 valued at $82,559,000 after buying an additional 185,880 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Ryman Hospitality Properties by 4.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 892,018 shares of the real estate investment trust's stock valued at $81,566,000 after buying an additional 38,767 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Down 1.6%

RHP stock traded down $1.60 during midday trading on Friday, reaching $95.79. 1,737,751 shares of the company's stock traded hands, compared to its average volume of 579,744. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.72 and a beta of 1.58. The firm's fifty day moving average price is $97.75 and its 200-day moving average price is $95.66. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating analysts' consensus estimates 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%. Ryman Hospitality Properties's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $1.15 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.8%. Ryman Hospitality Properties's dividend payout ratio is presently 109.79%.

Analysts Set New Price Targets

Several research firms have commented on RHP. Wall Street Zen lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Bank of America lifted their price target on shares of 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 decreased their price target 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 lifted their price target on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $115.50.

Ryman Hospitality Properties Company 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.