Edgestream Partners L.P. Acquires 53,125 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Edgestream Partners L.P. lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 111.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,696 shares of the real estate investment trust's stock after acquiring an additional 53,125 shares during the period. Ryman Hospitality Properties makes up about 0.5% of Edgestream Partners L.P.'s holdings, making the stock its 11th largest holding. Edgestream Partners L.P. owned 0.17% of Ryman Hospitality Properties worth $10,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock worth $221,896,000 after purchasing an additional 1,466,220 shares during the period. Massachusetts Financial Services Co. MA grew its position in Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock worth $119,771,000 after buying an additional 870,081 shares in the last quarter. Norges Bank bought a new position in Ryman Hospitality Properties in the 4th quarter worth about $57,580,000. Vanguard Group Inc. increased its stake in Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust's stock worth $979,248,000 after acquiring an additional 226,547 shares during the last quarter. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of Ryman Hospitality Properties by 46.0% in the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust's stock valued at $67,356,000 after acquiring an additional 192,962 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,077 shares of the firm's stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company's stock, valued at $80,885,571.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday. Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average target price of $116.14.

Ryman Hospitality Properties Trading Up 1.9 %

NYSE:RHP traded up $1.93 during trading hours on Tuesday, reaching $102.93. The company's stock had a trading volume of 490,730 shares, compared to its average volume of 447,681. The firm has a 50-day simple moving average of $101.11 and a 200-day simple moving average of $105.21. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Ryman Hospitality Properties 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.