Blue Trust Inc. Has $68,000 Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Blue Trust Inc. increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 183.1% in the 3rd quarter, Holdings Channel reports. The firm owned 685 shares of the real estate investment trust’s stock after purchasing an additional 443 shares during the period. Blue Trust Inc.’s holdings in Ryman Hospitality Properties were worth $68,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Fifth Third Bancorp lifted 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 worth $28,000 after buying an additional 219 shares during the last quarter. Larson Financial Group LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter worth $35,000. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties during the second quarter valued at about $32,000. Quest Partners LLC grew its position 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 purchasing an additional 338 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Buying and Selling

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

Ryman Hospitality Properties Trading Down 0.1 %

Shares of RHP opened at $109.37 on Thursday. The stock’s 50-day moving average price is $106.35 and its 200 day moving average price is $103.76. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 12-month low of $83.90 and a 12-month high of $122.91. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.05 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.10 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.02%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Analyst Ratings Changes

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

Ryman Hospitality Properties 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.