26,744 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by GSI Capital Advisors LLC

GSI Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,744 shares of the real estate investment trust's stock, valued at approximately $2,790,000. Ryman Hospitality Properties comprises 1.5% of GSI Capital Advisors LLC's investment portfolio, making the stock its 27th biggest holding.

Other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $72,000. Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $83,000. Finally, Blue Trust Inc. grew its stake in Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 160 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

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

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Wall Street Analysts Forecast Growth

RHP has been the topic of several research analyst reports. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. One investment 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. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average price target of $124.67.

Ryman Hospitality Properties Stock Down 5.3 %

Shares of Ryman Hospitality Properties stock traded down $4.51 during trading on Monday, reaching $80.10. The company's stock had a trading volume of 827,528 shares, compared to its average volume of 875,047. Ryman Hospitality Properties, Inc. has a 1-year low of $78.60 and a 1-year high of $121.77. The company has a 50-day simple moving average of $98.59 and a two-hundred day simple moving average of $105.74. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.71 and a beta of 1.38.

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

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

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.