Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Increased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 63.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,410 shares of the real estate investment trust’s stock after purchasing an additional 20,351 shares during the quarter. Edgestream Partners L.P. owned approximately 0.09% of Ryman Hospitality Properties worth $5,468,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RHP. Quarry LP acquired a new position in shares of Ryman Hospitality Properties during the third quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at about $31,000. Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC grew its position in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 218 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $83,000. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Chairman Colin V. Reed purchased 8,231 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.8 %

Shares of RHP stock opened at $98.85 on Friday. The stock has a 50-day simple moving average of $102.33 and a 200 day simple moving average of $106.74. The stock has a market capitalization of $5.92 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.65%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Analysts Set New Price Targets

RHP has been the subject of a number of recent analyst reports. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial reaffirmed a “buy” rating and issued a $133.00 price objective (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Finally, BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.67.

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.