Xponance Inc. Has $371,000 Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Xponance Inc. raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,714 shares of the real estate investment trust’s stock after purchasing an additional 162 shares during the period. Xponance Inc.’s holdings in Ryman Hospitality Properties were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock valued at $979,248,000 after buying an additional 226,547 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 194.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after buying an additional 1,466,220 shares in the last quarter. American Century Companies Inc. grew its holdings in Ryman Hospitality Properties by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after buying an additional 12,058 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Ryman Hospitality Properties by 264.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after buying an additional 870,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Ryman Hospitality Properties by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock valued at $81,947,000 after buying an additional 8,469 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this link. In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $107.07 on Wednesday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties, Inc. has a fifty-two week low of $81.36 and a fifty-two week high of $122.91. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.34 and a beta of 1.66. The stock has a fifty day moving average price of $102.39 and a 200-day moving average price of $104.59.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 4.11%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Analysts Set New Price Targets

RHP has been the topic of a number of research reports. 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 report on Friday, September 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $119.17.

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.