KLP Kapitalforvaltning AS Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

KLP Kapitalforvaltning AS acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 13,600 shares of the real estate investment trust's stock, valued at approximately $1,432,000.

Several other institutional investors also recently modified their holdings of RHP. Victory Capital Management Inc. raised its stake in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock valued at $57,141,000 after acquiring an additional 255,229 shares during the period. Citigroup Inc. raised its position in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock valued at $5,817,000 after purchasing an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth about $741,000. Van ECK Associates Corp boosted its holdings in shares of Ryman Hospitality Properties by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock worth $1,159,000 after buying an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at about $488,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective for the company. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial decreased their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average target price of $124.67.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded down $7.95 during trading hours on Thursday, hitting $85.96. 1,679,220 shares of the stock were exchanged, compared to its average volume of 567,727. Ryman Hospitality Properties, Inc. has a 1-year low of $85.50 and a 1-year high of $121.77. The company has a market cap of $5.15 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company's fifty day simple moving average is $98.97 and its two-hundred day simple moving average is $105.82.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. The company 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 predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

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.