Barclays PLC Grows Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Barclays PLC lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 238.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,345 shares of the real estate investment trust's stock after acquiring an additional 76,311 shares during the quarter. Barclays PLC owned approximately 0.18% of Ryman Hospitality Properties worth $11,619,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. increased its position in shares of Ryman Hospitality Properties by 11.2% during the second quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust's stock worth $22,243,000 after acquiring an additional 22,428 shares during the period. American Century Companies Inc. increased its holdings in Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock valued at $158,404,000 after buying an additional 12,058 shares during the period. Magnetar Financial LLC purchased a new position in Ryman Hospitality Properties during the second quarter valued at approximately $4,390,000. Wealth Enhancement Advisory Services LLC increased its holdings in Ryman Hospitality Properties by 133.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock valued at $469,000 after buying an additional 2,684 shares during the period. Finally, Reinhart Partners LLC. increased its holdings in Ryman Hospitality Properties by 55.5% during the third quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock valued at $41,076,000 after buying an additional 136,756 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares of the company's stock, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded down $0.62 on Tuesday, hitting $110.75. 688,672 shares of the company were exchanged, compared to its average volume of 456,737. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The stock's 50 day moving average price is $112.64 and its 200 day moving average price is $105.76. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market capitalization of $6.63 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65.

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

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.15%. Ryman Hospitality Properties's payout ratio is currently 81.71%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RHP shares. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Truist Financial raised their target price 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. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.57.

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.