Taylor Frigon Capital Management LLC Purchases New Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Taylor Frigon Capital Management LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,168 shares of the real estate investment trust's stock, valued at approximately $1,627,000.

Other large investors have also made changes to their positions in the company. Greystone Financial Group LLC lifted its stake in Ryman Hospitality Properties by 46.5% in the 3rd quarter. Greystone Financial Group LLC now owns 6,387 shares of the real estate investment trust's stock worth $685,000 after acquiring an additional 2,026 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Ryman Hospitality Properties by 45.4% in the third quarter. Copeland Capital Management LLC now owns 343,503 shares of the real estate investment trust's stock worth $36,837,000 after purchasing an additional 107,269 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Ryman Hospitality Properties by 34.3% during the third quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust's stock worth $2,754,000 after purchasing an additional 6,563 shares during the period. Schubert & Co purchased a new position in Ryman Hospitality Properties during the third quarter valued at approximately $582,000. Finally, Blue Trust Inc. increased its stake in Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 443 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and a consensus target price of $124.20.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed purchased 8,077 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Stock Up 1.7 %

Ryman Hospitality Properties stock traded up $1.85 during mid-day trading on Thursday, hitting $107.61. 418,412 shares of the company's stock were exchanged, compared to its average volume of 450,272. Ryman Hospitality Properties, Inc. has a 1-year low of $81.90 and a 1-year high of $122.91. The stock has a 50 day moving average of $105.77 and a two-hundred day moving average of $103.96. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a market cap of $6.44 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.36 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.09%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 91.10%.

About Ryman Hospitality Properties

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.