Quantbot Technologies LP Raises Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quantbot Technologies LP grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 58.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,478 shares of the real estate investment trust’s stock after acquiring an additional 16,068 shares during the period. Quantbot Technologies LP’s holdings in Ryman Hospitality Properties were worth $4,342,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 4.2% in 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 acquiring an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in 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 worth $3,829,000 after buying an additional 138 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Ryman Hospitality Properties by 3.0% during the first quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 152 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Ryman Hospitality Properties by 0.6% during the first 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 in the last quarter. Finally, American International Group Inc. boosted its holdings in Ryman Hospitality Properties by 0.6% during the fourth quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust’s stock worth $3,195,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity

In related news, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $101.00 on Tuesday. 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 stock has a market cap of $6.05 billion, a P/E ratio of 20.91, a PEG ratio of 2.11 and a beta of 1.66. The company has a 50-day moving average of $101.11 and a two-hundred day moving average of $105.21. Ryman Hospitality Properties, Inc. has a 12-month low of $79.86 and a 12-month high of $122.91.

Ryman Hospitality Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Wells Fargo & Company decreased 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 report on Friday. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus price target of $116.14.

About Ryman Hospitality Properties

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.