Vestcor Inc Purchases 14,400 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Vestcor Inc boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 92.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,989 shares of the real estate investment trust's stock after purchasing an additional 14,400 shares during the quarter. Vestcor Inc owned about 0.05% of Ryman Hospitality Properties worth $3,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PGGM Investments bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at $7,512,000. Panagora Asset Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 11.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust's stock valued at $22,243,000 after acquiring an additional 22,428 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock worth $158,404,000 after acquiring an additional 12,058 shares during the period. Magnetar Financial LLC purchased a new position in shares of Ryman Hospitality Properties during the second quarter valued at approximately $4,390,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ryman Hospitality Properties by 133.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock valued at $469,000 after purchasing an additional 2,684 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target on the stock. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research report on Monday. They set an "outperform" rating and a $133.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average price target of $129.29.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction that occurred on 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 directly owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares of the company's stock, valued at $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded down $0.50 during mid-day trading on Wednesday, hitting $116.98. 442,184 shares of the company traded hands, compared to its average volume of 453,056. The stock's fifty day moving average price is $112.48 and its 200-day moving average price is $105.56. 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, Inc. has a one year low of $93.76 and a one year high of $122.91. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.98 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analysts' expectations of $545.93 million. During the same period in the prior year, the company posted $1.73 earnings per share. The company's revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.93%. Ryman Hospitality Properties's payout ratio is 81.71%.

Ryman Hospitality Properties Company 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.