Edgestream Partners L.P. Increases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Edgestream Partners L.P. increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 63.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,410 shares of the real estate investment trust's stock after buying an additional 20,351 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of Ryman Hospitality Properties worth $5,468,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Ryman Hospitality Properties by 41.9% during the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after acquiring an additional 931,283 shares in the last quarter. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties during the fourth quarter worth $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ryman Hospitality Properties by 483.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock worth $65,391,000 after purchasing an additional 505,207 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 3,800.4% in the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust's stock valued at $31,358,000 after purchasing an additional 284,913 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $23,995,000. Institutional investors own 94.48% of the company's stock.

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Analyst Ratings Changes

Several analysts recently weighed in on RHP shares. Truist Financial restated a "buy" rating and set a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target for the company. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. 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. According to data from MarketBeat, Ryman Hospitality Properties has an average rating of "Moderate Buy" and a consensus target price of $125.67.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. This represents a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was purchased 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Up 1.4 %

Shares of Ryman Hospitality Properties stock traded up $1.38 during trading on Monday, hitting $100.20. The company's stock had a trading volume of 561,770 shares, compared to its average volume of 459,363. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $121.77. The stock has a 50-day moving average price of $102.33 and a two-hundred day moving average price of $106.81. 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 (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping 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 analysts' expectations of $656.01 million. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

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.