Cbre Investment Management Listed Real Assets LLC Buys Shares of 103,728 Ryman Hospitality Properties, Inc. $RHP

Cbre Investment Management Listed Real Assets LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 103,728 shares of the real estate investment trust’s stock, valued at approximately $10,235,000. Cbre Investment Management Listed Real Assets LLC owned 0.17% of Ryman Hospitality Properties at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Ryman Hospitality Properties in the first quarter valued at about $67,901,000. Vanguard Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 7.3% in 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 lifted its position in shares of Ryman Hospitality Properties by 42.2% in the 1st quarter. Hamlin Capital Management LLC now owns 887,956 shares of the real estate investment trust’s stock worth $81,195,000 after purchasing an additional 263,630 shares during the period. PGGM Investments boosted its stake in shares of Ryman Hospitality Properties by 39.9% during the second quarter. PGGM Investments now owns 741,834 shares of the real estate investment trust’s stock valued at $73,197,000 after purchasing an additional 211,634 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at approximately $17,373,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity

In other news, Director H Eric Bolton, Jr. bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at $190,660. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Down 0.7%

NYSE:RHP opened at $91.58 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. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The company has a market cap of $5.77 billion, a PE ratio of 21.86, a P/E/G ratio of 1.60 and a beta of 1.60. The company’s 50 day moving average is $92.66 and its two-hundred day moving average is $95.38.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 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 $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same period in the previous year, the firm posted $1.93 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 8.000-8.380 EPS. 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. Stockholders of record on Tuesday, September 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 121.69%.

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 note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Cantor Fitzgerald began coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective on the stock. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.40.

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.