Deroy & Devereaux Private Investment Counsel Inc. Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,300 shares of the real estate investment trust's stock, valued at approximately $2,391,000.

Several other large investors have also modified their holdings of RHP. Allspring Global Investments Holdings LLC increased its holdings in Ryman Hospitality Properties by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,255 shares of the real estate investment trust's stock worth $608,000 after purchasing an additional 451 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Ryman Hospitality Properties by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust's stock valued at $3,191,000 after acquiring an additional 174 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in Ryman Hospitality Properties in the first quarter worth about $207,000. Commonwealth Equity Services LLC lifted its stake in Ryman Hospitality Properties by 646.3% in the first quarter. Commonwealth Equity Services LLC now owns 18,412 shares of the real estate investment trust's stock worth $2,129,000 after acquiring an additional 15,945 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Ryman Hospitality Properties by 4.2% during the 1st quarter. Private Advisor Group LLC now owns 12,365 shares of the real estate investment trust's stock worth $1,430,000 after acquiring an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,077 shares of Ryman Hospitality Properties 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 in the company, valued at $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction 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 approximately $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,077 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, with a total value of $789,769.06. Following the acquisition, the chairman now directly 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 disclosure for this purchase can be found here. Company insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded up $0.48 during trading on Friday, hitting $107.53. 524,850 shares of the company's stock were exchanged, compared to its average volume of 450,178. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.09 and a beta of 1.66. The business has a 50-day simple moving average of $106.60 and a 200-day simple moving average of $103.83. Ryman Hospitality Properties, Inc. has a 52-week low of $87.25 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.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.09%. Ryman Hospitality Properties's payout ratio is currently 82.55%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.20.

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.