Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,146 shares of the real estate investment trust’s stock after purchasing an additional 2,310 shares during the period. Raymond James & Associates’ holdings in Ryman Hospitality Properties were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RHP. National Bank of Canada FI purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth $3,263,000. SG Americas Securities LLC increased its holdings in Ryman Hospitality Properties by 123.6% in the 3rd quarter. SG Americas Securities LLC now owns 14,831 shares of the real estate investment trust’s stock worth $1,235,000 after acquiring an additional 8,199 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Ryman Hospitality Properties by 1.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,423 shares of the real estate investment trust’s stock worth $2,283,000 after acquiring an additional 369 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in Ryman Hospitality Properties by 3.5% in the 3rd quarter. Peregrine Capital Management LLC now owns 109,063 shares of the real estate investment trust’s stock worth $9,083,000 after acquiring an additional 3,710 shares in the last quarter. Finally, Cannon Global Investment Management LLC purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth $316,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.0 %

Shares of RHP stock opened at $106.51 on Tuesday. The company’s 50-day moving average price is $115.17 and its 200-day moving average price is $106.46. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 0.73 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 4.13%. Ryman Hospitality Properties’s payout ratio is 84.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Raymond James upped their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

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.