Farringdon Capital Ltd. Takes $597,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Farringdon Capital Ltd. bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,718 shares of the real estate investment trust's stock, valued at approximately $597,000.

A number of other hedge funds also recently made changes to their positions in RHP. Arizona State Retirement System raised its holdings in Ryman Hospitality Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock worth $1,723,000 after buying an additional 132 shares during the period. Tidal Investments LLC boosted its position in Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock valued at $779,000 after purchasing an additional 152 shares during the last quarter. Summit Global Investments raised its stake in shares of Ryman Hospitality Properties by 2.1% during the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after purchasing an additional 153 shares in the last quarter. Blue Trust Inc. raised its position in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares in the last quarter. Finally, Covestor Ltd grew its position in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 1.4 %

Shares of NYSE RHP traded up $1.18 during mid-day trading on Wednesday, hitting $87.03. The company's stock had a trading volume of 246,737 shares, compared to its average volume of 607,078. 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 stock has a market cap of $5.22 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company's fifty day simple moving average is $92.99 and its 200-day simple moving average is $103.33. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The firm 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%. On average, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

Analyst Ratings Changes

A number of equities analysts have recently commented on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Jefferies Financial Group reduced their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial cut their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, 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 research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.67.

Insiders Place Their Bets

In other Ryman Hospitality Properties 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 transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired 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 in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

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.