43,963 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,963 shares of the real estate investment trust's stock, valued at approximately $4,390,000. Magnetar Financial LLC owned about 0.07% of Ryman Hospitality Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its stake in shares of Ryman Hospitality Properties by 71.0% during the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust's stock valued at $3,169,000 after acquiring an additional 11,384 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of Ryman Hospitality Properties by 94.3% during the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust's stock worth $2,389,000 after purchasing an additional 10,015 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Ryman Hospitality Properties by 13.0% during the 1st quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust's stock worth $9,249,000 after purchasing an additional 9,174 shares during the last quarter. SageView Advisory Group LLC grew its holdings in shares of Ryman Hospitality Properties by 203.2% during the first quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust's stock worth $1,332,000 after buying an additional 7,723 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Ryman Hospitality Properties by 378.7% during 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 buying an additional 16,873 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 0.5 %

NYSE:RHP traded up $0.53 on Monday, hitting $110.30. 577,556 shares of the stock were exchanged, compared to its average volume of 451,935. The stock has a fifty day moving average of $101.63 and a 200-day moving average of $104.87. The stock has a market cap of $6.61 billion, a PE ratio of 22.66, a PEG ratio of 2.11 and a beta of 1.66. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed bought 8,077 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was bought 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 of the company's stock, valued at $80,885,571.60. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on RHP shares. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Truist Financial reduced their target price on 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. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $116.14.

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.