Diversified Trust Co Buys 479 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Diversified Trust Co boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.0% in the 1st quarter, Holdings Channel reports. The firm owned 7,288 shares of the real estate investment trust’s stock after acquiring an additional 479 shares during the quarter. Diversified Trust Co’s holdings in Ryman Hospitality Properties were worth $843,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Harbour Capital Advisors LLC boosted its stake in Ryman Hospitality Properties by 1.8% in the 1st quarter. Harbour Capital Advisors LLC now owns 13,686 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 246 shares during the period. Kapitalo Investimentos Ltda boosted its position in shares of Ryman Hospitality Properties by 4,930.9% during the 4th quarter. Kapitalo Investimentos Ltda now owns 4,880 shares of the real estate investment trust’s stock valued at $537,000 after acquiring an additional 4,783 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $1,169,000. PNC Financial Services Group Inc. boosted its position in shares of Ryman Hospitality Properties by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 137 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $425,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $98.08 on Wednesday. The business has a 50 day moving average of $102.99 and a 200 day moving average of $109.83. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.10 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.10 dividend. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.49%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Buying and Selling

In related news, Director William E. Haslam purchased 9,972 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director William E. Haslam purchased 9,972 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties 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 completion of the transaction, the director now directly owns 4,973 shares in the company, valued at $526,839.62. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHP. Wells Fargo & Company lifted their price target 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. StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft dropped their price target 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, Truist Financial dropped their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.29.

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.