Thrivent Financial for Lutherans purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Quarry LP purchased a new position in shares of Ryman Hospitality Properties during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $31,000. Avior Wealth Management LLC boosted its holdings in shares of 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 worth $47,000 after purchasing an additional 137 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $83,000. Finally, Blue Trust Inc. increased its stake in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.
Ryman Hospitality Properties Stock Down 1.8 %
NYSE:RHP traded down $1.68 on Friday, reaching $91.77. The stock had a trading volume of 644,542 shares, compared to its average volume of 557,082. Ryman Hospitality Properties, Inc. has a 12-month low of $90.81 and a 12-month high of $121.77. The stock has a market cap of $5.50 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. 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 company has a 50-day moving average of $100.24 and a 200 day moving average of $106.14.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share 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 during the quarter, compared to analyst estimates of $656.01 million. On average, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.
Ryman Hospitality Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.01%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 104.78%.
Insiders Place Their Bets
In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction on Wednesday, February 26th. The shares were 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 represents 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 at the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
RHP has been the subject of a number of research reports. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price target on the stock. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average target price of $124.67.
Check Out Our Latest Report on Ryman Hospitality Properties
About Ryman Hospitality Properties
(
Free Report)
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.
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