16,178 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new position in 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 16,178 shares of the real estate investment trust's stock, valued at approximately $1,479,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $72,000. Venturi Wealth Management LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter worth about $83,000. Covestor Ltd lifted its stake in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 207 shares during the period. Finally, FIL Ltd lifted its stake in Ryman Hospitality Properties by 44.5% during the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after acquiring an additional 286 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $0.52 during mid-day trading on Friday, reaching $98.86. 366,415 shares of the company traded hands, compared to its average volume of 659,634. The firm has a market cap of $5.93 billion, a PE ratio of 20.94, a PEG ratio of 2.68 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company's 50 day moving average price is $93.78 and its 200-day moving average price is $98.69. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's payout ratio is currently 97.46%.

Insider Buying and Selling at Ryman Hospitality Properties

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

Wall Street Analysts Forecast Growth

RHP has been the subject of several research reports. Jefferies Financial Group decreased 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 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 research note on Monday, April 28th. Wells Fargo & Company restated an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Truist Financial reduced their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $112.00.

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.