Victory Capital Management Inc. Has $31.36 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Victory Capital Management Inc. grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 3,800.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 292,410 shares of the real estate investment trust's stock after buying an additional 284,913 shares during the period. Victory Capital Management Inc. owned 0.49% of Ryman Hospitality Properties worth $31,358,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 219 shares during the period. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Quest Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 338 shares in the last quarter. GAMMA Investing LLC boosted its position in 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. Finally, Farther Finance Advisors LLC increased its holdings in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 218 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RHP shares. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.17.

Ryman Hospitality Properties Stock Down 0.7 %

NYSE RHP traded down $0.79 on Friday, hitting $111.41. 601,183 shares of the stock traded hands, compared to its average volume of 508,662. 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 stock has a 50-day moving average of $108.64 and a 200 day moving average of $104.16. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a market capitalization of $6.67 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.96 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal 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 given a $1.15 dividend. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 4.13%. Ryman Hospitality Properties's payout ratio is 78.15%.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares of the company's stock, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.