Envestnet Asset Management Inc. Increases Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Envestnet Asset Management Inc. grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,586 shares of the real estate investment trust's stock after acquiring an additional 12,006 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Ryman Hospitality Properties worth $6,843,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RHP. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $83,000. Blue Trust Inc. lifted its holdings in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RHP. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group reduced their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.67.

Ryman Hospitality Properties Trading Down 0.8 %

Ryman Hospitality Properties stock traded down $0.66 during trading on Friday, hitting $86.01. The company's stock had a trading volume of 96,121 shares, compared to its average volume of 609,012. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The stock's fifty day moving average is $92.35 and its 200 day moving average is $103.04. 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 stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.71 and a beta of 1.38.

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

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company's stock, 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. 5.00% of the stock is owned by company insiders.

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.