Benjamin Edwards Inc. Purchases New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Benjamin Edwards Inc. acquired a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,460 shares of the real estate investment trust's stock, valued at approximately $2,625,000.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of Ryman Hospitality Properties by 33.6% during the first quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust's stock worth $306,000 after acquiring an additional 666 shares in the last quarter. Diversified Trust Co lifted its holdings in Ryman Hospitality Properties by 9.7% in the second quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust's stock valued at $799,000 after buying an additional 709 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ryman Hospitality Properties by 133.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock valued at $469,000 after acquiring an additional 2,684 shares during the last quarter. PGGM Investments acquired a new position in shares of Ryman Hospitality Properties in the second quarter valued at approximately $7,512,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Ryman Hospitality Properties by 18.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,274 shares of the real estate investment trust's stock worth $227,000 after buying an additional 352 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHP has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price target on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Wells Fargo & Company cut their price target 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. Finally, Truist Financial raised their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $126.17.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred 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 transaction, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value 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. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Up 0.1 %

RHP traded up $0.06 during midday trading on Thursday, reaching $118.20. 425,101 shares of the company were exchanged, compared to its average volume of 452,851. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91. The company's fifty day moving average price is $111.52 and its 200 day moving average price is $105.09. 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 company has a market cap of $7.08 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 3.00 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $545.93 million. During the same quarter in the prior year, the company earned $1.73 earnings per share. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

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

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.