Landscape Capital Management L.L.C. Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Landscape Capital Management L.L.C. bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,285 shares of the real estate investment trust's stock, valued at approximately $656,000.

Several other large investors also recently added to or reduced their stakes in RHP. Quarry LP bought a new position in shares of Ryman Hospitality Properties in the third quarter worth $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties in the 4th quarter worth $72,000. Venturi Wealth Management LLC purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $83,000. Finally, Blue Trust Inc. increased its stake in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RHP shares. Jefferies Financial Group reduced their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial lowered their price target on 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average price target of $119.67.

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Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $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 Stock Performance

Shares of RHP stock traded up $1.93 during trading hours on Friday, reaching $85.40. 846,013 shares of the company traded hands, compared to its average volume of 602,549. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a market cap of $5.12 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.71 and a beta of 1.38. The firm has a 50-day moving average price of $95.52 and a 200 day moving average price of $104.48. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal 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 given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.39%. Ryman Hospitality Properties's payout ratio is 104.78%.

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.