Bayforest Capital Ltd Purchases Shares of 8,657 Ryman Hospitality Properties, Inc. $RHP

Bayforest Capital Ltd purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,657 shares of the real estate investment trust’s stock, valued at approximately $776,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Peregrine Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 4,049.6% during 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 during the period. Hamlin Capital Management LLC boosted its stake 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 worth $88,259,000 after buying an additional 6,530 shares in the last quarter. Intech Investment Management LLC increased its holdings in Ryman Hospitality Properties by 24.6% in the 1st quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust’s stock valued at $3,169,000 after buying an additional 6,842 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Ryman Hospitality Properties by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 579,834 shares of the real estate investment trust’s stock valued at $53,020,000 after buying an additional 6,209 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at $344,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.8%

Shares of NYSE:RHP opened at $94.95 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. The firm has a market cap of $5.98 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.57 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $108.42. The company’s 50-day moving average price is $94.61 and its two-hundred day moving average price is $95.28.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The company had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. During the same period in the prior year, the business earned $1.93 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.80 annualized dividend and a yield of 5.1%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.98%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RHP shares. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price on the stock. Truist Financial increased their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.70.

Insider Buying and Selling

In other news, Chairman Colin V. Reed bought 8,993 shares of the stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.