Brown Advisory Inc. Acquires 153 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Brown Advisory Inc. raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,503 shares of the real estate investment trust’s stock after purchasing an additional 153 shares during the period. Brown Advisory Inc.’s holdings in Ryman Hospitality Properties were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RHP. Heck Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Fifth Third Bancorp increased its stake in shares of Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 367 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $72,000. Covestor Ltd increased its position in shares of 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 acquiring an additional 207 shares in the last quarter. Finally, FIL Ltd increased its position in shares of 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 acquiring an additional 286 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.1%

Shares of Ryman Hospitality Properties stock opened at $101.58 on Thursday. The company’s fifty day simple moving average is $99.01 and its 200-day simple moving average is $97.35. The stock has a market capitalization of $6.09 billion, a PE ratio of 21.52, a P/E/G ratio of 2.74 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly 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. The business had revenue of $587.28 million for the quarter, compared to analysts’ expectations of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 EPS. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 97.46%.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed bought 8,356 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. This represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction, the director owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI reduced their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Jefferies Financial Group reduced their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an “outperform” rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price of $115.43.

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.