Schubert & Co Invests $582,000 in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Schubert & Co acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,424 shares of the real estate investment trust's stock, valued at approximately $582,000. Ryman Hospitality Properties makes up 0.4% of Schubert & Co's portfolio, making the stock its 26th biggest position.

Several other hedge funds also recently modified their holdings of RHP. Fifth Third Bancorp lifted its holdings in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock worth $28,000 after buying an additional 219 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in Ryman Hospitality Properties during the 2nd quarter worth about $32,000. Quest Partners LLC lifted its holdings in Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after buying an additional 338 shares during the period. Larson Financial Group LLC acquired a new position in Ryman Hospitality Properties during the 1st quarter worth about $35,000. Finally, GAMMA Investing LLC lifted its holdings in Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock worth $43,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on RHP shares. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Wells Fargo & Company lowered their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on 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 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.20.

Ryman Hospitality Properties Stock Down 1.7 %

Ryman Hospitality Properties stock traded down $1.93 during midday trading on Friday, reaching $109.25. The stock had a trading volume of 456,179 shares, compared to its average volume of 450,678. Ryman Hospitality Properties, Inc. has a 12 month low of $81.90 and a 12 month high of $122.91. The company has a market capitalization of $6.54 billion, a P/E ratio of 22.62, a PEG ratio of 2.36 and a beta of 1.66. The company has a fifty day moving average price of $105.30 and a two-hundred day moving average price of $104.13. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Monday, September 30th. Ryman Hospitality Properties's payout ratio is 91.10%.

Insider Activity at Ryman Hospitality Properties

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 acquired 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 approximately $80,885,571.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Colin V. Reed purchased 8,077 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now owns 827,220 shares of the company's stock, valued at approximately $80,885,571.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $96,588.00. Following the transaction, the director now 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 disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

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.