Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 39.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,146 shares of the real estate investment trust’s stock after purchasing an additional 2,310 shares during the quarter. Raymond James & Associates’ holdings in Ryman Hospitality Properties were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in Ryman Hospitality Properties by 15.5% in the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 163 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at $248,000. Metis Global Partners LLC increased its stake in Ryman Hospitality Properties by 11.1% in the third quarter. Metis Global Partners LLC now owns 3,501 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 351 shares during the last quarter. Inspire Investing LLC increased its stake in Ryman Hospitality Properties by 7.4% in the third quarter. Inspire Investing LLC now owns 3,666 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 254 shares during the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in Ryman Hospitality Properties in the third quarter valued at $316,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Up 2.0 %

Shares of NYSE:RHP opened at $106.51 on Tuesday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.57. The company has a 50 day moving average of $115.17 and a two-hundred day moving average of $106.46. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s payout ratio is 84.94%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Raymond James upped their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Truist Financial upped their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.