Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 41.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,153,360 shares of the real estate investment trust's stock after purchasing an additional 931,283 shares during the period. Principal Financial Group Inc. owned approximately 5.27% of Ryman Hospitality Properties worth $338,168,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RHP. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 103 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock valued at $3,829,000 after buying an additional 138 shares in the last quarter. Xponance Inc. lifted its position in shares of Ryman Hospitality Properties by 4.6% during the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust's stock valued at $371,000 after acquiring an additional 162 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 218 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of 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 worth $28,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's 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 directly owns 3,148 shares of the company's stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Up 1.3 %

Shares of RHP traded up $1.44 on Friday, hitting $112.70. 164,941 shares of the stock traded hands, compared to its average volume of 455,682. Ryman Hospitality Properties, Inc. has a 1 year low of $90.94 and a 1 year high of $122.91. The stock's 50 day moving average is $107.25 and its two-hundred day moving average is $103.93. The firm has a market capitalization of $6.75 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.08 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.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.88% and a net margin of 14.84%. Ryman Hospitality Properties's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 EPS. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.38 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 4.08%. Ryman Hospitality Properties's payout ratio is 78.15%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research report on Wednesday. They issued a "buy" rating and a $130.00 price target for the company. 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 reduced 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. raised their price objective on shares of 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus price target of $125.17.

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.