Raymond James Financial Inc. Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Raymond James Financial Inc. bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 229,973 shares of the real estate investment trust's stock, valued at approximately $23,995,000. Raymond James Financial Inc. owned approximately 0.38% of Ryman Hospitality Properties at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RHP. Principal Financial Group Inc. increased its stake in shares of Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after purchasing an additional 931,283 shares during the last quarter. Barclays PLC grew its holdings in shares of Ryman Hospitality Properties by 238.2% during the 3rd quarter. Barclays PLC now owns 108,345 shares of the real estate investment trust's stock valued at $11,619,000 after purchasing an additional 76,311 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Ryman Hospitality Properties by 121.1% in the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust's stock valued at $744,000 after buying an additional 3,523 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock valued at $779,000 after acquiring an additional 152 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Ryman Hospitality Properties by 4.3% in the 4th quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust's stock worth $11,689,000 after purchasing an additional 4,592 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were bought 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 in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Down 0.9 %

Shares of Ryman Hospitality Properties stock traded down $0.78 during trading hours on Monday, reaching $84.87. The company's stock had a trading volume of 888,766 shares, compared to its average volume of 607,321. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock's fifty day simple moving average is $93.66 and its two-hundred day simple moving average is $103.65. The company has a market capitalization of $5.09 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. On average, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.42%. Ryman Hospitality Properties's payout ratio is presently 104.78%.

Wall Street Analyst Weigh In

RHP has been the topic of a number of research reports. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group decreased their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.67.

Ryman Hospitality Properties Company 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.