Strs Ohio Makes New $8.21 Million Investment in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Strs Ohio has acquired a new stake in Ryman Hospitality Properties, investing approximately $8.21 million for 89,824 shares which represents 0.15% of the company.
• Multiple institutional investors have increased their positions in Ryman, with Amalgamated Bank's stake rising by 751.6%, indicating strong institutional interest in the stock.
• Equities analysts currently rate Ryman with an average Buy rating and a consensus target price of $115.50, reflecting positive sentiment around the company's performance.

Strs Ohio purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,824 shares of the real estate investment trust's stock, valued at approximately $8,214,000. Strs Ohio owned 0.15% of Ryman Hospitality Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of RHP. Envestnet Asset Management Inc. lifted its holdings in Ryman Hospitality Properties by 12.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust's stock valued at $6,753,000 after acquiring an additional 8,261 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Ryman Hospitality Properties by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock worth $545,000 after buying an additional 405 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Ryman Hospitality Properties by 53.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock worth $692,000 after buying an additional 2,615 shares during the period. Teacher Retirement System of Texas raised its holdings in Ryman Hospitality Properties by 44.3% during the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock worth $1,526,000 after buying an additional 5,125 shares during the period. Finally, Amalgamated Bank raised its holdings in Ryman Hospitality Properties by 751.6% during the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock worth $1,558,000 after buying an additional 15,039 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded up $1.07 during trading hours on Thursday, reaching $97.53. The stock had a trading volume of 594,838 shares, compared to its average volume of 567,980. The business's fifty day moving average is $97.90 and its two-hundred day moving average is $95.66. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 23.28, a PEG 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.

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, 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 return on equity of 41.65% and a net margin of 10.74%.Ryman Hospitality Properties's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.78 earnings per share. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

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

Insider Transactions at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of the company's stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares of the company's stock, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RHP. Bank of America boosted their price objective on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen downgraded Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial dropped their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target for the company. Finally, Wells Fargo & Company boosted their price target 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. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average 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.