Kennedy Capital Management LLC raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,577 shares of the real estate investment trust's stock after buying an additional 3,541 shares during the period. Kennedy Capital Management LLC owned about 0.08% of Ryman Hospitality Properties worth $5,173,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after acquiring an additional 255,229 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter valued at $741,000. Integrated Quantitative Investments LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $336,000. Van ECK Associates Corp grew its holdings in shares of Ryman Hospitality Properties by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock worth $1,159,000 after buying an additional 1,029 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $488,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group dropped their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Truist Financial lowered their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.
Get Our Latest Stock Analysis on Ryman Hospitality Properties
Insider Transactions at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.
Ryman Hospitality Properties Trading Down 0.3 %
Ryman Hospitality Properties stock traded down $0.30 during mid-day trading on Tuesday, hitting $84.98. The company's stock had a trading volume of 578,360 shares, compared to its average volume of 605,342. The stock's fifty day moving average is $94.79 and its two-hundred day moving average is $104.15. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market capitalization of $5.10 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.
Ryman Hospitality Properties Announces Dividend
The business also recently declared 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is 104.78%.
Ryman Hospitality Properties Company Profile
(
Free Report)
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.
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