Ryman Hospitality Properties, Inc. $RHP Stock Holdings Trimmed by WS Management Lllp

Key Points

• WS Management Lllp has decreased its holdings of Ryman Hospitality Properties by 21.8%, selling 43,360 shares and now owning 155,835 shares, which represent 1.6% of its portfolio.
• Multiple institutional investors have increased their positions in Ryman, with Penn Capital Management boosting its stake by 14.4% after acquiring an additional 17,567 shares.
• Ryman Hospitality Properties reported earnings per share of $2.35, surpassing analysts' expectations, and set guidance for FY 2025 at 7.930-8.490 EPS.

WS Management Lllp lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,835 shares of the real estate investment trust's stock after selling 43,360 shares during the quarter. Ryman Hospitality Properties accounts for 1.6% of WS Management Lllp's portfolio, making the stock its 11th largest position. WS Management Lllp owned 0.26% of Ryman Hospitality Properties worth $14,250,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RHP. Nuveen LLC acquired a new stake in Ryman Hospitality Properties during the 1st quarter valued at approximately $67,901,000. Vanguard Group Inc. grew its stake 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 valued at $813,748,000 after purchasing an additional 603,936 shares in the last quarter. Janus Henderson Group PLC grew its stake in Ryman Hospitality Properties by 946.6% during the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after purchasing an additional 454,922 shares in the last quarter. Adelante Capital Management LLC grew its stake in Ryman Hospitality Properties by 340.1% during the 4th quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock valued at $36,403,000 after purchasing an additional 269,623 shares in the last quarter. Finally, Hamlin Capital Management LLC grew its stake in Ryman Hospitality Properties by 42.2% during the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust's stock valued at $81,195,000 after purchasing an additional 263,630 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded down $0.20 during mid-day trading on Friday, hitting $98.73. The company had a trading volume of 331,048 shares, compared to its average volume of 675,691. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.78 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. 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 firm's 50 day simple moving average is $98.49 and its two-hundred day simple moving average is $95.71.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial decreased their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wall Street Zen lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of "Buy" and a consensus price target of $115.50.

Insider Buying and Selling

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately $190,660. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director directly owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

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.