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NASHVILLE - Ryman Hospitality Properties, Inc. (NYSE:RHP) announced the appointment of Eric Bolton to its Board of Directors, effective Thursday. Bolton brings valuable REIT expertise to the board, particularly in navigating market cycles and maintaining strong financial performance.
Bolton currently serves as Executive Chairman of the Board of Directors at Mid-America Apartment Communities, Inc. (NYSE:MAA), a position he has held since April 2025. He previously served as CEO of MAA from October 2001 to March 31, 2025, and continues to serve as Chairman of the Board, a role he has held since September 2002.
Colin Reed, Executive Chairman of Ryman Hospitality Properties, stated that Bolton’s "disciplined approach to scaling MAA and his proven track record for navigating challenging economic cycles" were factors in his selection.
Bolton also serves on the Board of Directors of EastGroup Properties (NYSE:EGP) and is a member of the Advisory Board of Governors of the National Association of Real Estate Investment Trusts (NAREIT). According to InvestingPro data, EGP has maintained dividend payments for 48 consecutive years and shows strong financial health with a 73% gross profit margin. The company has raised its dividend for 13 consecutive years, demonstrating consistent shareholder returns.
With Bolton’s appointment, Ryman’s board expands from nine to ten directors. The company’s board now includes executives from various industries including media, technology, and government. For detailed analysis of EGP and other REITs, InvestingPro subscribers can access comprehensive Pro Research Reports covering 1,400+ top stocks, featuring expert insights and actionable intelligence.
Ryman Hospitality Properties specializes in upscale convention center resorts and entertainment experiences. The company’s portfolio includes five Gaylord-branded resorts, two JW Marriott properties, and additional hospitality assets managed by Marriott International, totaling 12,364 rooms and more than 3 million square feet of meeting space. The company also owns approximately 70% of Opry Entertainment Group, which includes properties such as the Grand Ole Opry and Ryman Auditorium. EGP, where Bolton serves as a director, currently trades near its InvestingPro Fair Value, with analysts setting a consensus high target of $218 per share.
This information is based on a company press release statement.
In other recent news, EastGroup Properties has seen a revision in its stock price target by Mizuho, which raised it to $180 from $175 while maintaining an Outperform rating. This adjustment follows an upward revision of the firm’s FY25 estimate by 0.5% and a slight decrease in the FY26 estimate by the same percentage. Additionally, EastGroup Properties held its annual meeting of shareholders, where all seven nominated directors were elected to the board with a significant majority. The elected directors are D. Pike Aloian, H. Eric Bolton, Jr., Donald F. Colleran, David M. Fields, Marshall A. Loeb, Mary E. McCormick, and Katherine M. Sandstrom. Furthermore, KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. Shareholders also approved the executive compensation package during the meeting. These developments reflect ongoing activities and strategic decisions within EastGroup Properties.
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