Allianz Asset Management GmbH Lowers Stock Position in Ryman Hospitality Properties, Inc. $RHP

Allianz Asset Management GmbH cut its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,516 shares of the real estate investment trust’s stock after selling 13,284 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ryman Hospitality Properties were worth $5,774,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC increased its stake in shares of Ryman Hospitality Properties by 158.5% during the first quarter. SG Americas Securities LLC now owns 4,361 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 2,674 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ryman Hospitality Properties by 7.3% in 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 last quarter. Janney Montgomery Scott LLC increased its position in Ryman Hospitality Properties by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust’s stock valued at $444,000 after buying an additional 585 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Ryman Hospitality Properties by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 130 shares during the last quarter. Finally, Golden State Equity Partners boosted its holdings in Ryman Hospitality Properties by 48.3% in the first quarter. Golden State Equity Partners now owns 3,229 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 1,052 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RHP. Weiss Ratings restated a “hold (c+)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday. They set an “equal weight” rating and a $92.00 price objective on the stock. Bank of America lifted their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $112.40.

Insider Activity at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $190,660. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $89.46 on Thursday. The firm’s 50-day moving average price is $94.46 and its 200-day moving average price is $94.98. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a market cap of $5.64 billion, a PE ratio of 21.35, a PEG ratio of 1.60 and a beta of 1.57. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating 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 firm had revenue of $659.52 million during the quarter, compared to analysts’ expectations of $616.56 million. During the same period in the previous year, the company earned $2.78 earnings per share. The firm’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, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.1%. Ryman Hospitality Properties’s payout ratio is presently 109.79%.

Ryman Hospitality Properties Company 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.