Harbor Capital Advisors Inc. Buys 27,564 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Harbor Capital Advisors Inc. increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 129.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,893 shares of the real estate investment trust's stock after purchasing an additional 27,564 shares during the period. Harbor Capital Advisors Inc. owned 0.08% of Ryman Hospitality Properties worth $5,243,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position 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 valued at $28,000 after purchasing an additional 219 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new position in Ryman Hospitality Properties in the 2nd quarter valued at approximately $32,000. Quest Partners LLC boosted its stake 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 valued at $34,000 after purchasing an additional 338 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Ryman Hospitality Properties during the 1st quarter valued at $35,000. Finally, GAMMA Investing LLC increased its holdings in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RHP shares. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Wells Fargo & Company dropped their price target 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, JPMorgan Chase & Co. boosted 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.20.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded up $1.39 during trading hours on Monday, reaching $108.92. 824,143 shares of the stock traded hands, compared to its average volume of 451,934. Ryman Hospitality Properties, Inc. has a one year low of $88.14 and a one year high of $122.91. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.04 and a beta of 1.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The company has a 50 day moving average price of $106.66 and a 200 day moving average price of $103.76.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.10 per share. The ex-dividend date was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.04%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 82.55%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,077 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Colin V. Reed bought 8,077 shares of the firm's stock in a transaction on Tuesday, August 6th. The shares were bought 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 in the company, valued at approximately $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase 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 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 directly owns 3,148 shares of the company's stock, valued at $337,843.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is 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.