Ryman Hospitality Properties, Inc. $RHP Stock: Tectonic Advisors LLC Raises Holdings

Tectonic Advisors LLC increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 40.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,542 shares of the real estate investment trust’s stock after buying an additional 6,181 shares during the quarter. Tectonic Advisors LLC’s holdings in Ryman Hospitality Properties were worth $2,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RHP. International Assets Investment Management LLC grew its holdings in Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 236 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Ryman Hospitality Properties during the second quarter worth $43,000. Trust Co. of Vermont purchased a new position in Ryman Hospitality Properties during the second quarter worth $51,000. Fifth Third Bancorp increased its position in Ryman Hospitality Properties by 34.2% during the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 219 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RHP. Weiss Ratings upgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Truist Financial lifted their price objective on Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Barclays cut their target price on shares of Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Citigroup upped their target price on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $133.17.

Ryman Hospitality Properties Trading Down 0.5%

RHP stock traded down $0.59 during midday trading on Friday, hitting $130.67. The stock had a trading volume of 471,356 shares, compared to its average volume of 519,935. The company’s 50-day moving average price is $124.17 and its 200 day moving average price is $119.86. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $8.25 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. The company had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the company posted $2.35 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 9.12 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 117.36%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.