Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 643.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,740 shares of the real estate investment trust's stock after buying an additional 143,440 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.28% of Ryman Hospitality Properties worth $17,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Ryman Hospitality Properties during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 103 shares during the last quarter. Avior Wealth Management LLC boosted its holdings 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. Finally, Farther Finance Advisors LLC grew its stake in Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 218 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Down 0.6 %

RHP stock traded down $0.64 during trading on Wednesday, hitting $103.36. The company had a trading volume of 276,457 shares, compared to its average volume of 403,413. 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 50 day simple moving average of $107.98 and a 200-day simple moving average of $106.80. The firm has a market capitalization of $6.19 billion, a P/E ratio of 18.34, a PEG ratio of 2.50 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91.

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). 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 last year, the firm earned $1.73 EPS. The company's revenue was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current fiscal year.

Insider Buying and Selling 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 stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial lifted their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average price target of $127.50.

Ryman Hospitality Properties Company 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.