Cwm LLC Grows Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cwm LLC lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 213.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724 shares of the real estate investment trust’s stock after purchasing an additional 493 shares during the quarter. Cwm LLC’s holdings in Ryman Hospitality Properties were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 12.6% during the first quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock valued at $6,753,000 after purchasing an additional 8,261 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Ryman Hospitality Properties by 7.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock valued at $545,000 after buying an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Ryman Hospitality Properties by 53.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust’s stock worth $692,000 after acquiring an additional 2,615 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Ryman Hospitality Properties by 44.3% in the first quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust’s stock worth $1,526,000 after acquiring an additional 5,125 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Ryman Hospitality Properties by 751.6% in the first quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust’s stock worth $1,558,000 after acquiring an additional 15,039 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 2.3%

RHP opened at $92.88 on Friday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.18 and a beta of 1.62. The firm has a 50 day moving average price of $99.20 and a 200-day moving average price of $97.00. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.0%. Ryman Hospitality Properties’s payout ratio is presently 97.46%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RHP. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an “overweight” rating and a $117.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. 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. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Finally, Evercore ISI lowered their price objective 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average price target of $114.75.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the sale, the director directly owned 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The shares were acquired at an average cost of $96.92 per share, with a total value of $809,863.52. Following the transaction, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company’s stock.

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.