Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 264.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,199,392 shares of the real estate investment trust's stock after acquiring an additional 870,081 shares during the period. Massachusetts Financial Services Co. MA owned 2.00% of Ryman Hospitality Properties worth $119,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 30.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 54,751 shares of the real estate investment trust's stock worth $5,467,000 after acquiring an additional 12,871 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Ryman Hospitality Properties by 18.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,989 shares of the real estate investment trust's stock valued at $398,000 after buying an additional 626 shares during the period. Federated Hermes Inc. raised its holdings in Ryman Hospitality Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 677,315 shares of the real estate investment trust's stock valued at $67,637,000 after buying an additional 14,375 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock valued at $3,829,000 after buying an additional 138 shares during the period. Finally, BOKF NA grew its position in Ryman Hospitality Properties by 7.2% in the 2nd quarter. BOKF NA now owns 3,382 shares of the real estate investment trust's stock valued at $338,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Truist Financial dropped their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, May 30th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.14.

Ryman Hospitality Properties Stock Up 4.9 %

Ryman Hospitality Properties stock traded up $5.13 during mid-day trading on Thursday, hitting $108.91. The company had a trading volume of 575,091 shares, compared to its average volume of 447,781. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The business has a fifty day moving average of $101.29 and a 200 day moving average of $105.09. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.04%. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.

Insiders Place Their Bets

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

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.