Hamlin Capital Management LLC Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Hamlin Capital Management LLC bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 624,326 shares of the real estate investment trust's stock, valued at approximately $65,142,000. Ryman Hospitality Properties accounts for approximately 1.6% of Hamlin Capital Management LLC's holdings, making the stock its 25th biggest position. Hamlin Capital Management LLC owned approximately 1.04% of Ryman Hospitality Properties as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after acquiring an additional 931,283 shares during the last quarter. Geode Capital Management LLC raised its stake in Ryman Hospitality Properties by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock valued at $156,427,000 after purchasing an additional 12,323 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ryman Hospitality Properties by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock valued at $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ryman Hospitality Properties by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust's stock valued at $81,947,000 after purchasing an additional 8,469 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in Ryman Hospitality Properties by 10.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 611,031 shares of the real estate investment trust's stock worth $65,527,000 after purchasing an additional 58,685 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 1.7 %

Shares of Ryman Hospitality Properties stock traded up $1.72 during trading hours on Tuesday, hitting $104.68. The company's stock had a trading volume of 430,406 shares, compared to its average volume of 396,759. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.48 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The firm has a fifty day moving average of $109.92 and a 200-day moving average of $106.53.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same period in the previous year, the company earned $1.73 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.48 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.39%. The ex-dividend date was Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio (DPR) is 81.71%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated 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 transaction, the director now directly owns 4,825 shares of the company's stock, valued at $549,953.50. The trade was a 20.82 % decrease in their position. 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RHP. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target on the stock. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price on the stock. Truist Financial upped their price target 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. Wells Fargo & Company boosted their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average price target of $128.57.

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.