RFG Bristol Wealth Advisors LLC Purchases New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

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

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

Insider Activity at Ryman Hospitality Properties

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

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Analysts Set New Price Targets

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

Ryman Hospitality Properties Stock Down 8.5 %

Shares of RHP traded down $7.95 during mid-day trading on Thursday, hitting $85.96. 1,679,220 shares of the company's stock were exchanged, compared to its average volume of 567,727. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 52 week low of $85.55 and a 52 week high of $121.77. The company has a market cap of $5.15 billion, a PE ratio of 19.58, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a 50-day simple moving average of $98.97 and a 200 day simple moving average of $105.82.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (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 firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. On average, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio is presently 104.78%.

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.