New Age Alpha Advisors LLC Makes New $1.18 Million Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

New Age Alpha Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,277 shares of the real estate investment trust's stock, valued at approximately $1,177,000.

A number of other large investors have also recently made changes to their positions in RHP. Quarry LP bought a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. boosted its position in 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 valued at $91,000 after buying an additional 160 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 8.5 %

Shares of NYSE RHP traded down $7.95 during midday trading on Thursday, hitting $85.96. 1,679,220 shares of the company's stock were exchanged, compared to its average volume of 567,172. The firm's fifty day simple moving average is $99.36 and its 200-day simple moving average is $105.96. The company has a market cap of $5.15 billion, a PE ratio of 19.58, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a twelve month low of $85.55 and a twelve month high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

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Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. Research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

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

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ryman Hospitality Properties Company 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.