SG Americas Securities LLC Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

SG Americas Securities LLC acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,970 shares of the real estate investment trust's stock, valued at approximately $640,000.

A number of other large investors also recently modified their holdings of the business. Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 219 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in Ryman Hospitality Properties in the 2nd quarter valued at about $32,000. Quest Partners LLC lifted its stake in Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 338 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at about $35,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at about $103,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RHP shares. JPMorgan Chase & Co. increased their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Wells Fargo & Company lowered their target price 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. Finally, StockNews.com raised shares of 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 four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.20.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated 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 transaction, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was bought 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 owns 827,220 shares of the company's stock, valued at $80,885,571.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company's 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 completion of the transaction, the director now owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE RHP traded up $0.02 on Tuesday, hitting $111.40. The stock had a trading volume of 449,916 shares, compared to its average volume of 451,574. Ryman Hospitality Properties, Inc. has a 52-week low of $81.90 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. The firm has a 50-day moving average of $104.26 and a 200-day moving average of $104.16.

Ryman Hospitality Properties Dividend Announcement

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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties's payout ratio 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.