Parallel Advisors LLC Has $29,000 Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Parallel Advisors LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 6,550.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266 shares of the real estate investment trust’s stock after buying an additional 262 shares during the period. Parallel Advisors LLC’s holdings in Ryman Hospitality Properties were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RHP. GAMMA Investing LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $27,000. Signaturefd LLC lifted its holdings in Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares during the last quarter. Covestor Ltd lifted its holdings in Ryman Hospitality Properties by 15.5% during the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 163 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $213,000. Finally, Schnieders Capital Management LLC bought a new position in Ryman Hospitality Properties during the 4th quarter worth $216,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective 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. Truist Financial lowered their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.29.

Check Out Our Latest Research Report on RHP

Insider Buying and Selling

In related news, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total transaction of $157,956.54. Following the sale, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Colin V. Reed bought 13,800 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the acquisition, the chairman now owns 819,143 shares of the company’s stock, valued at $87,156,815.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the transaction, the director now directly owns 4,973 shares in the company, valued at $526,839.62. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Trading Down 1.3 %

Shares of RHP opened at $101.35 on Monday. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The business’s fifty day moving average is $107.18 and its 200-day moving average is $110.29. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.13 and a beta of 1.62.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.34%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

About Ryman Hospitality Properties

(Free Report)

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.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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