Intech Investment Management LLC Buys 6,842 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Intech Investment Management LLC increased its stake in Ryman Hospitality Properties, Inc. by 24.6%, owning a total of 34,661 shares valued at approximately $3.17 million by the end of the last quarter.
• Ryman Hospitality Properties reported $2.35 EPS for the quarter, exceeding expectations, with a revenue of $659.52 million, marking a 7.5% year-over-year growth.
• Ryman Hospitality Properties holds a consensus "Buy" rating from analysts with a price target averaging $115.50, despite some analysts issuing lower ratings recently.

Intech Investment Management LLC boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 24.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,661 shares of the real estate investment trust's stock after buying an additional 6,842 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Ryman Hospitality Properties worth $3,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RHP. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Fifth Third Bancorp grew its stake in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the period. CWM LLC grew its stake in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares during the period. GF Fund Management CO. LTD. bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $108,000. Finally, State of Wyoming grew its stake in Ryman Hospitality Properties by 23.8% in the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 300 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director H Eric Bolton, Jr. bought 2,000 shares of the business's stock in a transaction on Thursday, August 14th. The stock was acquired 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded up $1.07 on Thursday, hitting $97.53. 594,838 shares of the stock were exchanged, compared to its average volume of 567,980. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm has a market capitalization of $6.14 billion, a PE ratio of 23.28, a P/E/G ratio of 1.73 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The firm's 50 day moving average is $97.90 and its two-hundred day moving average is $95.66.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS 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 business had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter last year, the company earned $2.78 EPS. 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. Sell-side 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 4.7%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 109.79%.

Wall Street Analysts Forecast Growth

RHP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective for the company. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. 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 research note on Monday, July 21st. Truist Financial reduced their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Wall Street Zen downgraded Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Eight investment 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 target price 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.