Reinhart Partners LLC. Purchases 158,011 Shares of Ryman Hospitality Properties, Inc. $RHP

Reinhart Partners LLC. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 36.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 595,284 shares of the real estate investment trust’s stock after acquiring an additional 158,011 shares during the quarter. Ryman Hospitality Properties comprises 2.0% of Reinhart Partners LLC.’s holdings, making the stock its 25th biggest position. Reinhart Partners LLC. owned 0.99% of Ryman Hospitality Properties worth $58,738,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RHP. Nuveen LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $67,901,000. Vanguard Group Inc. increased 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. Hamlin Capital Management LLC increased 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. Principal Financial Group Inc. increased its stake in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust’s stock valued at $316,576,000 after purchasing an additional 207,419 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in Ryman Hospitality Properties during the 1st quarter valued at approximately $17,373,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.5%

Shares of Ryman Hospitality Properties stock opened at $98.80 on Wednesday. The company has a fifty day simple moving average of $98.16 and a 200-day simple moving average of $95.66. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. 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 stock has a market cap of $6.22 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.79 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) 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 business had revenue of $659.52 million during the quarter, compared to analysts’ expectations of $616.56 million. During the same quarter in the prior year, the business posted $2.78 EPS. The company’s revenue for the quarter 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. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on RHP shares. Wall Street Zen lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an “overweight” rating and a $117.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Bank of America increased their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $115.50.

Insider Transactions at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were bought 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 $190,660. This represents a ∞ increase in their position. The transaction was disclosed in a legal 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 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.