Inspire Investing LLC Raises Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Inspire Investing LLC boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,855 shares of the real estate investment trust’s stock after purchasing an additional 345 shares during the quarter. Inspire Investing LLC’s holdings in Ryman Hospitality Properties were worth $413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Ryman Hospitality Properties by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Ryman Hospitality Properties by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock valued at $3,829,000 after purchasing an additional 138 shares during the last quarter. Xponance Inc. boosted its position in shares of Ryman Hospitality Properties by 4.6% in the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 162 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Ryman Hospitality Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock worth $3,191,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ryman Hospitality Properties Stock Up 1.0 %

Ryman Hospitality Properties stock opened at $112.52 on Thursday. Ryman Hospitality Properties, Inc. has a 12 month low of $81.90 and a 12 month high of $122.91. The stock has a fifty day simple moving average of $104.85 and a two-hundred day simple moving average of $104.19. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.36 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 3.91%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed bought 8,077 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

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.