Venture Visionary Partners LLC Makes New $1.48 Million Investment in Ryman Hospitality Properties, Inc. $RHP

Key Points

• Venture Visionary Partners LLC has made a $1.48 million investment in Ryman Hospitality Properties by purchasing 15,022 shares during the second quarter.
• Several hedge funds, including Vanguard Group and Principal Financial Group, have increased their stakes in Ryman Hospitality, with institutional investors now owning 94.48% of the company.
• The company recently declared a quarterly dividend of $1.15 per share, representing a 5.1% yield, with a payout ratio of 109.79%.

Venture Visionary Partners LLC purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,022 shares of the real estate investment trust's stock, valued at approximately $1,482,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Ryman Hospitality Properties by 7.3% during 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. boosted its position in shares of Ryman Hospitality Properties by 6.4% in the first quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock worth $316,576,000 after buying an additional 207,419 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 1.2% during the first 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 in the last quarter. Cooke & Bieler LP raised its position in Ryman Hospitality Properties by 25.9% during the first 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 lifted its stake 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 worth $81,566,000 after acquiring an additional 38,767 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $95.33 per share, with a total value of $190,660.00. Following the purchase, the director owned 2,000 shares of the company's stock, valued at approximately $190,660. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on RHP. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Bank of America boosted their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $115.50.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $89.55 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of $5.64 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.58. The company has a 50 day moving average price of $96.59 and a two-hundred day moving average price of $95.44. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month 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, topping the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. During the same quarter in the prior year, the business posted $2.78 EPS. Ryman Hospitality Properties's quarterly revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, September 30th. Ryman Hospitality Properties's dividend payout ratio is 109.79%.

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.

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