EntryPoint Capital LLC Purchases New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

EntryPoint Capital LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,679 shares of the real estate investment trust's stock, valued at approximately $280,000.

Several other hedge funds have also added to or reduced their stakes in RHP. Victory Capital Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after buying an additional 255,229 shares during the period. Citigroup Inc. increased its stake in Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock worth $5,817,000 after purchasing an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $741,000. Van ECK Associates Corp boosted its stake in shares of Ryman Hospitality Properties by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock valued at $1,159,000 after purchasing an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of Ryman Hospitality Properties during the third quarter valued at approximately $488,000. 94.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on RHP. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Truist Financial cut their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target for the company. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.67.

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Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Stock Up 1.2 %

RHP traded up $1.14 on Tuesday, hitting $92.58. The company had a trading volume of 924,048 shares, compared to its average volume of 561,364. The stock has a fifty day simple moving average of $99.55 and a 200-day simple moving average of $106.04. 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 firm has a market capitalization of $5.55 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $89.01 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

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.