Yousif Capital Management LLC Invests $1.48 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Yousif Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,178 shares of the real estate investment trust's stock, valued at approximately $1,479,000.

Several other large investors have also recently made changes to their positions in RHP. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at $72,000. Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at $83,000. Covestor Ltd raised 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 buying an additional 207 shares during the last quarter. Finally, FIL Ltd raised 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 buying an additional 286 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded up $1.20 during mid-day trading on Wednesday, hitting $98.35. The stock had a trading volume of 960,364 shares, compared to its average volume of 680,405. The firm has a market capitalization of $5.90 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.64 and a beta of 1.58. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.92. The firm's 50 day moving average is $93.48 and its 200 day moving average is $98.82. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results 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. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The firm had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same quarter last year, the business posted $1.60 earnings per share. The firm's revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed 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. This represents a $4.60 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 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 dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the sale, the director now directly owns 2,576 shares of the company's stock, valued at $255,049.76. This represents a 33.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman now directly owns 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RHP. Wells Fargo & Company reiterated an "overweight" rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Truist Financial cut their price objective on shares of 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. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Jefferies Financial Group cut 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average target price of $112.00.

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.