SG Americas Securities LLC Buys New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

SG Americas Securities LLC bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,970 shares of the real estate investment trust’s stock, valued at approximately $640,000.

Several other hedge funds also recently modified their holdings of RHP. Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 219 shares during the period. SYSTM Wealth Solutions LLC bought a new stake in shares of Ryman Hospitality Properties in the second quarter valued at $32,000. Quest Partners LLC raised its stake in shares of Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 338 shares during the period. Larson Financial Group LLC bought a new stake in shares of Ryman Hospitality Properties in the first quarter valued at $35,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Ryman Hospitality Properties in the first quarter valued at $103,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the acquisition, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $111.41 on Tuesday. The firm has a market capitalization of $6.67 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.36 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock’s 50-day simple moving average is $103.96 and its two-hundred day simple moving average is $104.19. Ryman Hospitality Properties, Inc. has a twelve month low of $81.90 and a twelve month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 3.95%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Analysts Set New Price Targets

A number of analysts recently issued reports on RHP shares. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $124.20.

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.