Charles Schwab Investment Management Inc. Buys 6,289 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Charles Schwab Investment Management Inc. increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 964,315 shares of the real estate investment trust's stock after purchasing an additional 6,289 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.61% of Ryman Hospitality Properties worth $103,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in shares of Ryman Hospitality Properties by 347.6% in the second 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 during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at approximately $32,000. Quest Partners LLC grew its holdings in 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 buying an additional 338 shares during the last quarter. GAMMA Investing LLC increased its position in 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 worth $43,000 after buying an additional 103 shares during the period. Finally, Avior Wealth Management LLC increased its position in 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 worth $47,000 after buying an additional 137 shares during the period. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded down $0.32 during trading on Wednesday, hitting $116.72. 271,225 shares of the company's stock traded hands, compared to its average volume of 453,037. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $6.99 billion, a PE ratio of 20.79, a PEG ratio of 2.06 and a beta of 1.65. The firm's fifty day moving average price is $110.51 and its 200 day moving average price is $104.59.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million during 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 period in the previous year, the company posted $1.73 earnings per share. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's payout ratio is currently 78.15%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RHP shares. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.17.

Insider Activity

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm's 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 directly owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. 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 dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value 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. This represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

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.