Nicola Wealth Management LTD. Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Nicola Wealth Management LTD. bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,305 shares of the real estate investment trust's stock, valued at approximately $1,075,000.

Several other large investors also recently bought and sold shares of RHP. Quarry LP purchased a new stake in Ryman Hospitality Properties during the third quarter worth $28,000. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $31,000. Avior Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC grew its position in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 218 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $83,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares of the company's stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred 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 owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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Ryman Hospitality Properties Stock Up 2.8 %

Shares of NYSE:RHP traded up $2.67 on Friday, reaching $98.85. The company had a trading volume of 574,561 shares, compared to its average volume of 458,180. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $121.77. The stock has a market capitalization of $5.92 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.71 and a beta of 1.67. 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 50-day moving average price of $102.48 and a 200 day moving average price of $106.76.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $656.01 million. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 annualized dividend and a yield of 4.65%. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.

Analyst Ratings Changes

A number of analysts have weighed in on RHP shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial reissued a "buy" rating and issued a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock 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. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.67.

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.