South Street Advisors LLC Boosts Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

South Street Advisors LLC lifted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,676 shares of the real estate investment trust's stock after purchasing an additional 13,821 shares during the period. Ryman Hospitality Properties comprises about 1.8% of South Street Advisors LLC's portfolio, making the stock its 23rd largest holding. South Street Advisors LLC owned 0.19% of Ryman Hospitality Properties worth $11,861,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cibc World Markets Corp purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $573,000. Swiss National Bank increased its stake in shares of Ryman Hospitality Properties by 0.7% in the 4th quarter. Swiss National Bank now owns 111,900 shares of the real estate investment trust's stock valued at $11,676,000 after purchasing an additional 800 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Ryman Hospitality Properties by 3.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,033 shares of the real estate investment trust's stock valued at $838,000 after purchasing an additional 238 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $262,000. Finally, Cooke & Bieler LP purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $74,811,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RHP. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. 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 report on Friday. Finally, Wells Fargo & Company lowered their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.67.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded down $1.00 on Friday, hitting $94.59. 11,770,962 shares of the company were exchanged, compared to its average volume of 528,622. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a 50-day moving average price of $100.86 and a 200 day moving average price of $106.28. Ryman Hospitality Properties, Inc. has a 1-year low of $92.04 and a 1-year high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results 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. The business had revenue of $647.63 million for 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%. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's payout ratio is presently 104.78%.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the business'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 value of $45,895.19. Following the sale, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The sale 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 the business's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now owns 832,260 shares of the company's stock, 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. Corporate insiders own 3.00% of the company's stock.

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.