Heritage Trust Co Invests $1.71 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Heritage Trust Co bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,371 shares of the real estate investment trust's stock, valued at approximately $1,708,000.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Ryman Hospitality Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock worth $1,723,000 after acquiring an additional 132 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock worth $779,000 after purchasing an additional 152 shares during the period. Summit Global Investments boosted its holdings in shares of Ryman Hospitality Properties by 2.1% in 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 during the period. Blue Trust Inc. increased its position in shares of Ryman Hospitality Properties by 23.4% during the 4th 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 during the last quarter. Finally, Covestor Ltd raised its holdings in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after buying an additional 207 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RHP shares. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group decreased 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. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Truist Financial lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Down 0.3 %

Ryman Hospitality Properties stock traded down $0.30 during mid-day trading on Tuesday, reaching $84.98. 578,308 shares of the company were exchanged, compared to its average volume of 604,461. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The business has a fifty day moving average of $95.17 and a 200 day moving average of $104.28. The firm has a market cap of $5.10 billion, a P/E ratio of 19.36, a PEG ratio of 2.71 and a beta of 1.38. 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 (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.41%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 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.