PGGM Investments Takes $7.51 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

PGGM Investments bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,226 shares of the real estate investment trust's stock, valued at approximately $7,512,000. PGGM Investments owned approximately 0.13% of Ryman Hospitality Properties as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RHP. Wealth Enhancement Advisory Services LLC lifted its holdings in Ryman Hospitality Properties by 133.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock worth $469,000 after buying an additional 2,684 shares during the last quarter. Diversified Trust Co lifted its stake in Ryman Hospitality Properties by 9.7% during the second quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust's stock worth $799,000 after purchasing an additional 709 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Ryman Hospitality Properties by 378.7% in the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust's stock valued at $2,130,000 after purchasing an additional 16,873 shares in the last quarter. Beck Bode LLC purchased a new position in Ryman Hospitality Properties in the first quarter valued at approximately $4,383,000. Finally, LRI Investments LLC acquired a new stake in Ryman Hospitality Properties during the first quarter worth approximately $115,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares of the company's stock, valued at $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director William E. Haslam bought 9,972 shares of the stock in a transaction on Thursday, June 13th. The stock was purchased at an average cost of $100.28 per share, with a total value of $999,992.16. Following the purchase, the director now owns 22,790 shares of the company's stock, valued at $2,285,381.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Colin V. Reed purchased 8,077 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on 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, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.71.

Ryman Hospitality Properties Price Performance

RHP traded up $2.53 during midday trading on Thursday, reaching $101.98. 741,099 shares of the company's stock were exchanged, compared to its average volume of 461,862. The business's 50-day moving average price is $99.94 and its 200 day moving average price is $107.52. The stock has a market capitalization of $6.11 billion, a PE ratio of 20.95, a P/E/G ratio of 2.08 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 current ratio of 1.99 and a quick ratio of 1.99.

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.