American Century Companies Inc. Buys 144,870 Shares of Ryman Hospitality Properties, Inc. $RHP

American Century Companies Inc. increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,212,052 shares of the real estate investment trust’s stock after purchasing an additional 144,870 shares during the period. American Century Companies Inc. owned approximately 1.92% of Ryman Hospitality Properties worth $119,593,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Ryman Hospitality Properties by 56.3% in the 1st quarter. Invesco Ltd. now owns 168,601 shares of the real estate investment trust’s stock valued at $15,417,000 after acquiring an additional 60,713 shares during the period. Hamlin Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.7% during the second quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock valued at $88,259,000 after purchasing an additional 6,530 shares during the period. Peregrine Capital Management LLC increased its stake in Ryman Hospitality Properties by 4,049.6% in the second quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock valued at $5,540,000 after purchasing an additional 54,791 shares in the last quarter. Intech Investment Management LLC increased its stake in Ryman Hospitality Properties by 24.6% in the first quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust’s stock valued at $3,169,000 after purchasing an additional 6,842 shares in the last quarter. Finally, Graham Capital Management L.P. raised its holdings in Ryman Hospitality Properties by 63.1% in the first quarter. Graham Capital Management L.P. now owns 12,713 shares of the real estate investment trust’s stock worth $1,162,000 after purchasing an additional 4,917 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RHP. Evercore ISI decreased their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a research note on Friday, October 3rd. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target for the company. Morgan Stanley began coverage on Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $111.40.

Insider Buying and Selling

In related news, Chairman Colin V. Reed purchased 8,993 shares of Ryman Hospitality Properties stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $92.16 per share, with a total value of $828,794.88. Following the completion of the transaction, the chairman owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $93.84 on Tuesday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.60 and a beta of 1.60. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The firm has a fifty day simple moving average of $91.11 and a 200 day simple moving average of $95.78. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. During the same period in the previous year, the business earned $1.93 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.9%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 121.69%.

Ryman Hospitality Properties Company 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.