Emerald Advisers LLC Purchases 43,220 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Emerald Advisers LLC boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,883 shares of the real estate investment trust's stock after acquiring an additional 43,220 shares during the period. Emerald Advisers LLC owned 0.29% of Ryman Hospitality Properties worth $18,352,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RHP. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 41.9% in the third 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 during the period. Pathstone Holdings LLC lifted its holdings in Ryman Hospitality Properties by 9.6% in the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the real estate investment trust's stock worth $2,203,000 after purchasing an additional 1,800 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 137 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Ryman Hospitality Properties by 2.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 18,310 shares of the real estate investment trust's stock worth $1,964,000 after purchasing an additional 429 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Ryman Hospitality Properties during the 3rd quarter valued at approximately $1,777,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Remove Ads

Ryman Hospitality Properties Trading Down 0.8 %

Shares of Ryman Hospitality Properties stock traded down $0.80 on Thursday, reaching $93.44. The company had a trading volume of 863,600 shares, compared to its average volume of 535,772. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm's 50-day moving average price is $100.24 and its two-hundred day moving average price is $106.14. Ryman Hospitality Properties, Inc. has a 1 year low of $92.04 and a 1 year high of $121.77.

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 EPS 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 analyst estimates of $656.01 million. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.92%. Ryman Hospitality Properties's payout ratio is 104.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.67.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the company'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 transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following 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 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 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.