UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 6,209 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• UBS Asset Management increased its stake in Ryman Hospitality Properties by 1.1%, now holding 579,834 shares worth approximately $53 million.
• Ryman Hospitality Properties reported a quarterly earnings per share of $2.35, exceeding analysts' expectations, alongside a revenue of $659.52 million.
• Institutional investors own 94.48% of Ryman Hospitality Properties, indicating strong interest and confidence in the company among larger entities.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 579,834 shares of the real estate investment trust's stock after acquiring an additional 6,209 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.97% of Ryman Hospitality Properties worth $53,020,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RHP. Captrust Financial Advisors boosted its position in shares of Ryman Hospitality Properties by 16.0% in the fourth quarter. Captrust Financial Advisors now owns 6,128 shares of the real estate investment trust's stock valued at $639,000 after acquiring an additional 845 shares during the period. Cetera Investment Advisers boosted its position in shares of Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock valued at $466,000 after acquiring an additional 125 shares during the period. Lazard Asset Management LLC boosted its position in shares of Ryman Hospitality Properties by 7.5% in the fourth quarter. Lazard Asset Management LLC now owns 19,756 shares of the real estate investment trust's stock valued at $2,060,000 after acquiring an additional 1,375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ryman Hospitality Properties by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,376 shares of the real estate investment trust's stock valued at $3,482,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Man Group plc raised its stake in Ryman Hospitality Properties by 494.5% in the fourth quarter. Man Group plc now owns 27,739 shares of the real estate investment trust's stock valued at $2,894,000 after purchasing an additional 23,073 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on RHP shares. 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. Bank of America boosted their price target 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 dropped their price target 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. 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. 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $115.50.

Ryman Hospitality Properties Trading Down 1.6%

Shares of Ryman Hospitality Properties stock traded down $1.60 on Friday, hitting $95.79. The stock had a trading volume of 1,737,751 shares, compared to its average volume of 579,744. The stock has a 50 day moving average of $97.75 and a 200 day moving average of $95.66. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month 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 firm 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.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating 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 company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter in the prior year, the firm posted $2.78 earnings per share. 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 Dividend Announcement

The company also recently disclosed 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 of this dividend 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 currently 109.79%.

Insider Activity

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $190,660. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by corporate insiders.

About Ryman Hospitality Properties

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.