Ryman Hospitality Properties, Inc. $RHP Stock Position Lifted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,675 shares of the real estate investment trust’s stock after purchasing an additional 1,193 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Ryman Hospitality Properties worth $3,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RHP. Geneos Wealth Management Inc. grew its position in Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. First Community Trust NA grew its position in Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 100 shares in the last quarter. CWM LLC grew its position in Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 493 shares in the last quarter. Fifth Third Bancorp grew its position in Ryman Hospitality Properties by 31.3% during the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 180 shares in the last quarter. Finally, LRI Investments LLC grew its position in Ryman Hospitality Properties by 33.0% during the second quarter. LRI Investments LLC now owns 1,044 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 259 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $87.43 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a fifty day simple moving average of $94.30 and a 200 day simple moving average of $95.02. The company has a market cap of $5.51 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.65 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. Ryman Hospitality Properties’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 EPS. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

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 dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 109.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RHP. Wells Fargo & Company raised shares of Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. Morgan Stanley assumed 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. Cantor Fitzgerald assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price for the company. 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. Finally, Bank of America boosted their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.40.

Insider Activity

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost 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 represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.00% of the company’s stock.

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.