Diversified Trust Co Acquires 676 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Diversified Trust Co increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.3% in the 4th quarter, Holdings Channel reports. The fund owned 7,907 shares of the real estate investment trust’s stock after buying an additional 676 shares during the quarter. Diversified Trust Co’s holdings in Ryman Hospitality Properties were worth $825,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RHP. Nordea Investment Management AB increased its stake in shares of Ryman Hospitality Properties by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust’s stock valued at $11,689,000 after purchasing an additional 4,592 shares in the last quarter. Tidal Investments LLC increased its position in Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after buying an additional 152 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Ryman Hospitality Properties by 121.1% during the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 3,523 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Ryman Hospitality Properties by 33.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 24,486 shares of the real estate investment trust’s stock worth $2,626,000 after acquiring an additional 6,186 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Ryman Hospitality Properties by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock worth $156,427,000 after acquiring an additional 12,323 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price for the company. Finally, BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective on the stock. 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, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $128.57.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Down 1.3 %

Ryman Hospitality Properties stock opened at $102.50 on Friday. The stock has a market cap of $6.14 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 2.86 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a fifty day moving average of $111.17 and a 200 day moving average of $106.22. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.73 EPS. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.49%. Ryman Hospitality Properties’s payout ratio is presently 81.71%.

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.