229,973 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 229,973 shares of the real estate investment trust's stock, valued at approximately $23,995,000. Raymond James Financial Inc. owned 0.38% of Ryman Hospitality Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $72,000. Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at $83,000. Blue Trust Inc. increased its position in shares of Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the period. Finally, FIL Ltd raised its stake in Ryman Hospitality Properties by 44.5% in the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Up 1.1 %

Shares of Ryman Hospitality Properties stock traded up $0.97 during trading hours on Thursday, hitting $86.79. The company's stock had a trading volume of 119,129 shares, compared to its average volume of 608,577. The firm has a fifty day moving average of $92.67 and a 200-day moving average of $103.21. 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 stock has a market cap of $5.21 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.15 per share. The ex-dividend date was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.30%. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

Analyst Ratings Changes

RHP has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group reduced their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Truist Financial lowered their price target 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. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $119.67.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

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.