55,215 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,215 shares of the real estate investment trust's stock, valued at approximately $5,761,000. Thrivent Financial for Lutherans owned approximately 0.09% of Ryman Hospitality Properties as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RHP. Principal Financial Group Inc. raised its holdings in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after acquiring an additional 931,283 shares during the period. Pathstone Holdings LLC increased its stake in shares of Ryman Hospitality Properties by 9.6% in the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the real estate investment trust's stock valued at $2,203,000 after buying an additional 1,800 shares during the period. Avior Wealth Management LLC boosted its position in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 137 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $1,777,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Ryman Hospitality Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock valued at $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

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Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Chairman Colin V. Reed purchased 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the 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 of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

RHP stock traded down $1.76 during trading on Tuesday, reaching $94.84. The company had a trading volume of 1,186,153 shares, compared to its average volume of 531,025. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a 50-day simple moving average of $100.78 and a 200-day simple moving average of $106.34. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a twelve month low of $92.04 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. As a group, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.85%. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

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.