RFG Bristol Wealth Advisors LLC Invests $1.24 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

RFG Bristol Wealth Advisors LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,850 shares of the real estate investment trust's stock, valued at approximately $1,236,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties during the fourth quarter worth $72,000. Venturi Wealth Management LLC acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth $83,000. Finally, Blue Trust Inc. increased its stake in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Down 1.3 %

Ryman Hospitality Properties stock traded down $1.15 during trading on Friday, hitting $84.84. 1,872,522 shares of the company were exchanged, compared to its average volume of 574,647. The company has a market capitalization of $5.08 billion, a P/E ratio of 19.33, a PEG ratio of 2.71 and a beta of 1.38. The business's 50 day moving average is $98.59 and its 200 day moving average is $105.73. Ryman Hospitality Properties, Inc. has a 52 week low of $80.47 and a 52 week high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.42%. Ryman Hospitality Properties's payout ratio is presently 104.78%.

Analyst Ratings Changes

RHP has been the subject of several research reports. Truist Financial reduced their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.67.

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.