Quantbot Technologies LP Acquires 11,384 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quantbot Technologies LP raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 71.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,410 shares of the real estate investment trust's stock after buying an additional 11,384 shares during the period. Quantbot Technologies LP's holdings in Ryman Hospitality Properties were worth $3,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of RHP. GAMMA Investing LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $27,000. Parallel Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 262 shares in the last quarter. Larson Financial Group LLC purchased a new position in Ryman Hospitality Properties in the first quarter valued at $35,000. Signaturefd LLC grew its stake in Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 275 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in Ryman Hospitality Properties during the 1st quarter worth about $103,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded up $0.69 during trading hours on Friday, hitting $101.14. The company had a trading volume of 369,250 shares, compared to its average volume of 394,652. The business has a 50 day moving average of $101.88 and a 200-day moving average of $109.25. The company has a market cap of $6.06 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.35%. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.

Analysts Set New Price Targets

RHP has been the subject of several recent research reports. Truist Financial decreased their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, May 30th. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.29.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the transaction, the director now directly owns 22,790 shares in the company, valued at $2,285,381.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director William E. Haslam bought 9,972 shares of the company's stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $100.28 per share, with a total value of $999,992.16. Following the completion of the acquisition, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christine Pantoya sold 1,491 shares of the company's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now owns 4,973 shares of the company's stock, valued at approximately $526,839.62. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

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.