Land & Buildings Investment Management LLC Has $19.69 Million Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Land & Buildings Investment Management LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 26.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 197,186 shares of the real estate investment trust's stock after purchasing an additional 41,160 shares during the quarter. Ryman Hospitality Properties comprises 4.6% of Land & Buildings Investment Management LLC's portfolio, making the stock its 12th biggest holding. Land & Buildings Investment Management LLC owned approximately 0.33% of Ryman Hospitality Properties worth $19,691,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RHP. PNC Financial Services Group Inc. grew its holdings in Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust's stock valued at $372,000 after buying an additional 137 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Ryman Hospitality Properties by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock worth $3,829,000 after acquiring an additional 138 shares during the period. New York State Teachers Retirement System raised its stake in Ryman Hospitality Properties by 3.0% during the 1st quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust's stock valued at $611,000 after purchasing an additional 152 shares during the last quarter. Xponance Inc. boosted its holdings in Ryman Hospitality Properties by 4.6% in the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust's stock valued at $371,000 after purchasing an additional 162 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Ryman Hospitality Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust's stock worth $3,191,000 after purchasing an additional 174 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the 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 sale, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on RHP. Wells Fargo & Company reduced their target price 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, September 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Truist Financial reduced 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. 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, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and an average target price of $116.14.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $2.14 during mid-day trading on Tuesday, hitting $112.40. 492,432 shares of the stock were exchanged, compared to its average volume of 452,417. The stock's fifty day simple moving average is $101.79 and its two-hundred day simple moving average is $104.82. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a market cap of $6.73 billion, a P/E ratio of 23.03, a PEG ratio of 2.11 and a beta of 1.66. 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 Announces Dividend

The firm 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. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.91%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

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.