16,178 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,178 shares of the real estate investment trust’s stock, valued at approximately $1,479,000.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $72,000. Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at approximately $83,000. Covestor Ltd raised its position in Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 207 shares during the period. Finally, FIL Ltd raised its position in Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 286 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director now owns 2,576 shares of the company’s stock, valued at $255,049.76. The trade was a 33.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Colin V. Reed purchased 8,356 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman now directly owns 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $97.58 on Tuesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a market capitalization of $5.85 billion, a PE ratio of 22.23, a P/E/G ratio of 2.71 and a beta of 1.58. The company has a fifty day moving average of $93.06 and a two-hundred day moving average of $98.84.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.71%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 97.46%.

Analyst Ratings Changes

RHP has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Evercore ISI dropped their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

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.