Ryman Hospitality Properties, Inc. $RHP Stock: Asset Management One Co. Ltd. Increases Holdings

Key Points

• Asset Management One Co. Ltd. increased its Ryman Hospitality Properties stake by 9.5% in the third quarter, owning 100,526 shares valued at approximately $12.0 million. Institutional investors and hedge funds collectively own 94.48% of RHP.
• Ryman reported quarterly EPS of $1.42, beating estimates of $1.31, while revenue rose 13.6% year over year to $748.98 million. The stock opened at $133.15, near its 52-week high of $137.46.
• The company pays a quarterly dividend of $1.20, equivalent to an annualized $4.80 and a 3.6% yield. Analysts maintain a consensus “Buy” rating with an average price target of $135.25.

Asset Management One Co. Ltd. lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,526 shares of the real estate investment trust's stock after acquiring an additional 8,719 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.16% of Ryman Hospitality Properties worth $12,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC raised its stake in Ryman Hospitality Properties by 34.7% during the third quarter. Park Avenue Securities LLC now owns 2,556 shares of the real estate investment trust's stock worth $306,000 after buying an additional 659 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Ryman Hospitality Properties by 0.4% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 219,029 shares of the real estate investment trust's stock valued at $26,181,000 after purchasing an additional 922 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Ryman Hospitality Properties by 61.2% in the third quarter. Signaturefd LLC now owns 361 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 137 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Ryman Hospitality Properties by 40.2% during the third quarter. Tectonic Advisors LLC now owns 21,542 shares of the real estate investment trust's stock worth $2,575,000 after acquiring an additional 6,181 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 10.3% in the 3rd quarter. Sterling Capital Management LLC now owns 15,048 shares of the real estate investment trust's stock worth $1,799,000 after acquiring an additional 1,404 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $133.15 on Friday. The company has a market cap of $8.40 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. The stock's fifty day moving average price is $124.85 and its 200-day moving average price is $113.47.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. The business had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. Ryman Hospitality Properties's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 earnings per share. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 9.11 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $1.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 117.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RHP shares. Weiss Ratings raised Ryman Hospitality Properties from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 23rd. Citigroup boosted their price objective on Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. raised their price objective on Ryman Hospitality Properties from $129.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. Jefferies Financial Group restated a "buy" rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Finally, Raymond James Financial increased their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Buy" and an average price target of $135.25.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman's portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.

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