3,800 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,800 shares of the real estate investment trust’s stock, valued at approximately $425,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RHP. Rhumbline Advisers increased its position in shares of Ryman Hospitality Properties by 7.3% during the 3rd quarter. Rhumbline Advisers now owns 95,384 shares of the real estate investment trust’s stock worth $7,944,000 after purchasing an additional 6,458 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Ryman Hospitality Properties by 22.8% during the 3rd quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock worth $6,148,000 after purchasing an additional 13,566 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Ryman Hospitality Properties by 104.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 40,788 shares of the real estate investment trust’s stock worth $3,397,000 after purchasing an additional 20,844 shares during the last quarter. FMR LLC increased its position in shares of Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock worth $341,230,000 after purchasing an additional 114,451 shares during the last quarter. Finally, CI Investments Inc. increased its position in shares of Ryman Hospitality Properties by 1.0% during the 3rd quarter. CI Investments Inc. now owns 35,789 shares of the real estate investment trust’s stock worth $2,981,000 after purchasing an additional 353 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on RHP. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Truist Financial dropped their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.29.

Insider Activity

In related news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $99.04 on Thursday. The stock has a 50-day simple moving average of $104.75 and a 200-day simple moving average of $110.23. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $5.93 billion, a PE ratio of 20.51, a PEG ratio of 2.10 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Friday, June 28th. Ryman Hospitality Properties’s payout ratio is presently 91.10%.

About Ryman Hospitality Properties

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.