Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 140,299 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 140,299 shares of the real estate investment trust's stock, valued at approximately $12,829,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.23% of Ryman Hospitality Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 6.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock worth $316,576,000 after acquiring an additional 207,419 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Ryman Hospitality Properties by 10.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after acquiring an additional 138,771 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Ryman Hospitality Properties by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after acquiring an additional 5,807 shares during the period. Cooke & Bieler LP increased its holdings in shares of Ryman Hospitality Properties by 25.9% in the 1st quarter. Cooke & Bieler LP now owns 902,874 shares of the real estate investment trust's stock worth $82,559,000 after acquiring an additional 185,880 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Ryman Hospitality Properties by 4.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 892,018 shares of the real estate investment trust's stock worth $81,566,000 after acquiring an additional 38,767 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,356 shares of the company's stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. This represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the transaction, the director directly owned 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. Bank of America raised their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Jefferies Financial Group reduced their price objective on shares of 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. Evercore ISI decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.75.

Ryman Hospitality Properties Trading Down 0.1%

Ryman Hospitality Properties stock traded down $0.10 during trading hours on Monday, reaching $99.53. 73,447 shares of the company's stock traded hands, compared to its average volume of 818,978. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.27 and a beta of 1.57. The firm's 50 day moving average is $99.14 and its 200-day moving average is $97.05. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $1.60 EPS. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Monday, June 30th. Ryman Hospitality Properties's payout ratio is 97.46%.

About Ryman Hospitality Properties

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.