LPL Financial LLC Has $1.73 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

LPL Financial LLC increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 144.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,538 shares of the real estate investment trust's stock after acquiring an additional 9,770 shares during the quarter. LPL Financial LLC's holdings in Ryman Hospitality Properties were worth $1,726,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RHP. Principal Financial Group Inc. increased its stake in shares of Ryman Hospitality Properties by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after purchasing an additional 101,333 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after buying an additional 14,861 shares during the last quarter. Cooke & Bieler LP acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $74,811,000. Hamlin Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $65,142,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Ryman Hospitality Properties by 24.0% in the fourth quarter. Bank of New York Mellon Corp now owns 559,143 shares of the real estate investment trust's stock worth $58,341,000 after acquiring an additional 108,263 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Insider Buying and Selling

In related news, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RHP has been the subject of several research analyst reports. Jefferies Financial Group cut their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial cut 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. Wells Fargo & Company decreased their target price on 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. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average price target of $119.67.

Ryman Hospitality Properties Price Performance

NYSE:RHP traded up $1.24 during mid-day trading on Tuesday, hitting $85.93. The company's stock had a trading volume of 610,062 shares, compared to its average volume of 608,364. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The stock has a fifty day moving average of $92.99 and a 200-day moving average of $103.33.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. The business 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%. As a group, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Monday, March 31st. 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.