Intech Investment Management LLC Purchases Shares of 16,572 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Intech Investment Management LLC purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,572 shares of the real estate investment trust's stock, valued at approximately $1,777,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOKF NA grew its holdings in shares of Ryman Hospitality Properties by 119.5% during the first quarter. BOKF NA now owns 3,156 shares of the real estate investment trust's stock worth $366,000 after buying an additional 1,718 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ryman Hospitality Properties by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 35,926 shares of the real estate investment trust's stock worth $4,154,000 after buying an additional 2,144 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Ryman Hospitality Properties by 12.3% during the first quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust's stock worth $3,614,000 after buying an additional 3,431 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Ryman Hospitality Properties by 33.6% during the first quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust's stock worth $306,000 after buying an additional 666 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Ryman Hospitality Properties during the first quarter worth $115,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price target on the stock. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $126.17.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Down 0.3 %

NYSE RHP traded down $0.31 during trading hours on Tuesday, reaching $117.04. The company had a trading volume of 447,587 shares, compared to its average volume of 453,831. The stock has a 50-day moving average of $110.23 and a 200 day moving average of $104.51. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market capitalization of $7.01 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. As a group, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Tuesday, December 31st. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio is currently 81.71%.

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.