Edgestream Partners L.P. Has $10.06 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Edgestream Partners L.P. increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 111.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 100,696 shares of the real estate investment trust’s stock after acquiring an additional 53,125 shares during the quarter. Ryman Hospitality Properties accounts for 0.5% of Edgestream Partners L.P.’s holdings, making the stock its 11th largest position. Edgestream Partners L.P.’s holdings in Ryman Hospitality Properties were worth $10,056,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 262 shares during the last quarter. Quest Partners LLC increased its holdings in 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 period. Larson Financial Group LLC bought a new position in Ryman Hospitality Properties during the 1st quarter worth $35,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at about $103,000. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of analyst reports. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.14.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $101.00 on Tuesday. The firm has a 50 day moving average of $101.11 and a 200-day moving average of $105.21. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.11 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. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

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.