Brevan Howard Capital Management LP Acquires Shares of 6,761 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Brevan Howard Capital Management LP bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,761 shares of the real estate investment trust's stock, valued at approximately $705,000.

Several other institutional investors have also added to or reduced their stakes in RHP. Captrust Financial Advisors boosted its stake in shares of Ryman Hospitality Properties by 16.0% in the 4th quarter. Captrust Financial Advisors now owns 6,128 shares of the real estate investment trust's stock worth $639,000 after buying an additional 845 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $269,000. Balyasny Asset Management L.P. boosted its stake in shares of Ryman Hospitality Properties by 3.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 230,240 shares of the real estate investment trust's stock worth $24,023,000 after buying an additional 7,201 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Ryman Hospitality Properties by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 24,758 shares of the real estate investment trust's stock worth $2,585,000 after buying an additional 298 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $288,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on RHP shares. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. 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, March 21st. Evercore ISI dropped their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group dropped their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their target price on 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $116.00.

Ryman Hospitality Properties Trading Up 4.6%

NYSE:RHP traded up $4.43 during midday trading on Monday, hitting $101.54. The stock had a trading volume of 768,331 shares, compared to its average volume of 619,301. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 2.71 and a beta of 1.55. The stock has a 50-day moving average of $90.68 and a 200 day moving average of $101.55. 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 (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 (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. The company had revenue of $587.28 million for the quarter, compared to analysts' expectations 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 revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.53%. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the company's 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 transaction, 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 SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares of the company's stock, valued at approximately $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 owned by company insiders.

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.