Janus Henderson Group PLC Raises Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Janus Henderson Group PLC increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 30.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,061 shares of the real estate investment trust's stock after acquiring an additional 11,228 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of Ryman Hospitality Properties worth $5,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RHP. PGGM Investments bought a new position in shares of Ryman Hospitality Properties in the second quarter worth $7,512,000. Panagora Asset Management Inc. grew its holdings in Ryman Hospitality Properties by 11.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust's stock valued at $22,243,000 after buying an additional 22,428 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock valued at $158,404,000 after buying an additional 12,058 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Ryman Hospitality Properties in the second quarter worth about $4,390,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Ryman Hospitality Properties by 133.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 2,684 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. This trade represents a 22.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 approximately $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Down 0.4 %

Shares of Ryman Hospitality Properties stock traded down $0.50 on Wednesday, hitting $116.98. The stock had a trading volume of 442,184 shares, compared to its average volume of 453,056. The stock's 50-day simple moving average is $112.48 and its two-hundred day simple moving average is $105.56. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.98 and a beta of 1.65.

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 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 during the quarter, compared to the consensus estimate 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 previous year, the business earned $1.73 earnings per share. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on RHP. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial upped their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th. 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 price objective on the stock. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday. They issued an "outperform" rating and a $133.00 target price for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $129.29.

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.