Bamco Inc. NY Has $4.56 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bamco Inc. NY boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 11.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,473 shares of the real estate investment trust's stock after buying an additional 4,324 shares during the period. Bamco Inc. NY owned approximately 0.07% of Ryman Hospitality Properties worth $4,555,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RHP. Fifth Third Bancorp boosted its stake in shares of Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at approximately $32,000. Quest Partners LLC boosted its stake in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Ryman Hospitality Properties by 44.9% in 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 in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares of the company's stock, valued at $549,953.50. This trade represents a 20.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Down 0.6 %

Ryman Hospitality Properties stock traded down $0.70 during mid-day trading on Wednesday, hitting $118.14. 434,672 shares of the stock were exchanged, compared to its average volume of 452,970. 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, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The firm's fifty day simple moving average is $111.52 and its two-hundred day simple moving average is $105.09. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.96 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the previous year, the business posted $1.73 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 3.89%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 78.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RHP shares. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price objective for the company. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus price target of $126.17.

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.