Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Holdings Lifted by Adelante Capital Management LLC

Adelante Capital Management LLC increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 340.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,890 shares of the real estate investment trust's stock after acquiring an additional 269,623 shares during the period. Ryman Hospitality Properties makes up about 2.3% of Adelante Capital Management LLC's holdings, making the stock its 14th largest holding. Adelante Capital Management LLC owned about 0.58% of Ryman Hospitality Properties worth $36,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC lifted its position in Ryman Hospitality Properties by 574.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 183,777 shares of the real estate investment trust's stock valued at $19,175,000 after acquiring an additional 156,545 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Ryman Hospitality Properties by 27.9% in the 4th quarter. Northern Trust Corp now owns 780,261 shares of the real estate investment trust's stock valued at $81,412,000 after purchasing an additional 170,401 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter worth approximately $243,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $2,297,000. Finally, Waterfront Capital Partners LLC grew its position in shares of Ryman Hospitality Properties by 474.1% during the fourth quarter. Waterfront Capital Partners LLC now owns 200,925 shares of the real estate investment trust's stock worth $20,965,000 after acquiring an additional 165,925 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Up 6.3 %

Shares of RHP traded up $5.52 during trading on Friday, reaching $93.61. The company's stock had a trading volume of 1,043,409 shares, compared to its average volume of 618,427. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.71 and a beta of 1.38. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a fifty day moving average of $90.93 and a two-hundred day moving average of $102.23. 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 announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.29. The firm had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Ryman Hospitality Properties's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction 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 owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, 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 disclosure for this purchase can be found here. 5.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on RHP. Evercore ISI reduced their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday. Truist Financial decreased their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wells Fargo & Company reduced 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 note on Tuesday, February 18th. Finally, Jefferies Financial Group dropped their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.71.

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.